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Mamaearth's strong growth trajectory coupled with weak volume growth of Marico in the second quarter led to brokerage's decision.

Marico Vs Mamaearth: Jefferies replaces the tried and tested on D-Street with newbie. What gives?

ICICI Securities is bullish on Marico recommended buy rating on the stock with a target price of Rs 650 in its research report dated October 31, 2023.

Buy Marico; target of Rs 650: ICICI Securities

Sharekhan is bullish on Marico has recommended buy rating on the stock with a target price of Rs 645 in its research report dated October 30, 2023.

Buy Marico; target of Rs 645: Sharekhan

Motilal Oswal is bullish on Marico recommended buy rating on the stock with a target price of Rs 640 in its research report dated October 31, 2023.

Buy Marico; target of Rs 640: Motilal Oswal

In Parachute Rigids, Marico expects to grow volumes in the range of 5-7 percent over the medium term, given the market construct and strengthening brand equity, said the company in its investor presentation.

Parachute likely to turn around with 5-7% volume growth, says Marico CEO  

Prabhudas Lilladher recommended hold rating on Marico with a target price of Rs 556 in its research report dated October 30, 2023.

Hold Marico; target of Rs 556: Prabhudas Lilladher

Marico Standalone September 2023 Net Sales at Rs 1,791.00 crore, down 6.18% Y-o-Y

Marico reported a 3 percent YoY growth in volumes in the same period. The FMCG major announced an interim dividend of Rs 3 per share.

Marico Q2 results: Net profit up 17% to Rs 360 crore, revenue flat

ICICI Securities is bullish on Marico recommended buy rating on the stock with a target price of Rs 670 in its research report dated October 01, 2023.

Buy Marico; target of Rs 670: ICICI Securities

Marico announced the resignation of Sanjay Mishra, COO – India Business and CEO New Business on 11 September 2023. His last date of working will be 15 December 2023. The company has appointed Vaibhav Bhanchawat, who is currently an SMP and designated as Chief Operating Officer – South East Asia& South Africa, as Chief Operating Officer – India & Foods Business w.e.f. 01 October 2023 and will be responsible for Sales, Manufacturing, Supply Chain and Foods Business in India. Ashish Goupal, who is currently an SMP and designated as Chief Operating OfficerMarico Bangladesh, MENA & New Country Development (NCD), will take on the responsibility of leading all international geographies of Marico including South East Asia and South Africa w.e.f. 01 October 2023 and will be designated as CEOInternational Business. 

Marico announces changes in senior management 

Marico Ltd. engages in the provision of beauty and wellness space products and services. It operates through the India and International geographical segments. The brand portfolio of the firm includes Livon, Parachute Advansed, Set Wet, and Saffola. The company was founded on October 13, 1988 and is headquartered in Mumbai, India.

Watchers	222
52-Wk Low	462.70
52-Wk High	595.00

Market Cap	690.26B
Volume (M)	2.89M
52-Wk High	595.00
52-Wk Low	462.70

MARICO.NSE Marico Ltd.

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