Marico Jumps The Most In Nearly Four Months As Analysts Upgrade Ratings Despite Q3 Miss

Shares of Marico rose nearly 5%, the biggest intraday gain in nearly four months to Rs 494.7 apiece after several analysts upgraded the stock despite the company reporting net income for the third quarter that missed average analyst estimate, post market hours Friday.

Marico Q3FY22 (Consolidated, YoY)

  • Revenue up 13% at Rs 2,407 crore Vs Rs 2,122 crore (Bloomberg estimate: Rs 2,403.71 crore)
  • Net profit up 1% at Rs 310 crore Vs Rs 307 crore (Bloomberg estimate: Rs 314.72 crore)
  • Ebitda up 4% at Rs 431 crore Vs Rs 413 crore (Bloomberg estimate: Rs 421.51 crore)
  • Margins at 17.9% Vs 19.5% (Bloomberg estimate: 17.5%)

Analysts believe that the worst is over the company and expect softening in copra prices, price correction, rising competitiveness of Saffola, rising traction in non-oils food portfolio to aid the company’s growth prospects.

They lauded the company’s performance in core portfolio and remained optimistic on the ability to deliver consistent earnings growth in the medium term.

Since the quarter-ended September, Marico’s stock has witnessed a 16% correction and analysts insist that the valuations appear inexpensive given the promise of strong earnings growth and healthy RoEs (>30%).

सोशल मीडिया अपडेट्स के लिए हमें
Facebook (
https://www.facebook.com/goldsilverreports/ )
linkedin (
https://www.linkedin.com/in/nealbhai/ )
 
और Twitter ( https://twitter.com/goldsilverrepor ) पर फॉलो करें।

हमारी फ्री सर्विस और लोगो की paid सर्विस से कई गुना अच्छी है।
आपको हर दिन दिए जाएंगे 3 से 5 कॉल बिलकुल फ्री
हर CALL में PROFIT दिये जायेंगे
तो जल्दी से MCX CHANNEL को JOIN कर लो (NEAL BHAI REPORTS)
JOIN US CLICK HERE

EQUITY CHANNEL को JOIN कर लो (EQUITY FREE TIPS)
JOIN US CLICK HERE

Leave a Comment

Copy link