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Marico inches up on reporting 22% rise in Q1 consolidated net profit

Marico is currently trading at Rs. 364.15, up by 1.60 points or 0.44% from its previous closing of Rs. 362.55 on the BSE.

The scrip opened at Rs. 363.00 and has touched a high and low of Rs. 364.35 and Rs. 362.10 respectively. So far 5902 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 397.00 on 20-Dec-2018 and a 52 week low of Rs. 286.25 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 371.15 and Rs. 350.65 respectively. The current market cap of the company is Rs. 46803.19 crore.

The promoters holding in the company stood at 59.70%, while Institutions and Non-Institutions held 31.70% and 8.60% respectively.

Marico has reported a rise of 17.29% in its net profit at Rs 251 crore for the quarter ended June 30, 2019 as compared to Rs 214 crore for the same quarter in the previous year. Total income of the company increased by 5.56% at Rs 1,803 crore for Q1FY20 as compared Rs 1708 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 21.62% in its net profit at Rs 315 crore for the quarter under review as compared to Rs 259 crore for the same quarter in the previous year. Total income of the company increased by 6.97% at Rs 2,194 crore for Q1FY20 as compared Rs 2051 crore for the corresponding quarter previous year.

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