Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
344.15
Change Change %
-0.45 -0.13%

Updated:19 Sep, 2018, 15:59 PM IST

BSE
344.10
Change Change %
-0.35 -0.10%

Updated:19 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nomura
N/A
02-08-2017 Buy 318.00 268.00
N/A
Target Hit Long (1Y)
02-08-2018

Nomura maintains reduce on Marico

 1QFY18 results for Marico were weak when compared to our and Street expectations. Overall domestic business revenues declined 4% y-y on the back of a volume decline of 9% y-y largely on the back of destocking ahead of GST implementation. In a double whammy, gross margins also contacted sharply, primarily on account of rising copra prices Lack of pricing power, in a weak demand scenario, means profitability will likely remain under pressure.

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