Marico Ltd Share Price – NSE /  BSE

Edible Oil, Mid Cap

Marico announced the launch of innovative Hair & Care Oil in Serum.

Speaking on the launch, Somasree Bose Awasthi, Chief Marketing Officer, Marico Ltd. said, “Women enjoy the beauty that comes with leaving their hair open, but frizz and tangles can often stand in the way of achieving that perfect look. That's why we've introduced Hair & Care Oil in Serum—an innovative product that brings together the styling benefits of a serum and the nourishing goodness of almond oil. Understanding that serums are often seen as costly, we've ensured that Hair & Care Oil in Serum is an affordable, value-for-money option, offering premium hair care at just Rs 2 per use. At Marico, we are committed to delivering innovative solutions that enhance beauty routines, and this new launch is a clear reflection of that dedication.”

Hair & Care Oil in Serum is now available at all leading retail outlets across West Bengal, Orissa, Punjab, and the Northeast region.

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Marico has allotted 55,504 equity shares under ESOP on 13 August 2024. With this allotment, the paid up equity share capital has increased to 1,29,46,90,167 equity shares of Re. 1 each aggregating to Rs. 1,29,46,90,167.

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Net profit of Marico rose 8.67% to Rs 464.00 crore in the quarter ended June 2024 as against Rs 427.00 crore during the previous quarter ended June 2023. Sales rose 6.70% to Rs 2643.00 crore in the quarter ended June 2024 as against Rs 2477.00 crore during the previous quarter ended June 2023.

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Marico Ltd lost 3.83% today to trade at Rs 646.65. The BSE Fast Moving Consumer Goods index is down 0.06% to quote at 22211.89. The index is up 6.14 % over last one month. Among the other constituents of the index, Prataap Snacks Ltd decreased 0.44% and Manorama Industries Ltd lost 0.39% on the day. The BSE Fast Moving Consumer Goods index went up 18.27 % over last one year compared to the 19.75% surge in benchmark SENSEX.

Marico Ltd has added 5.1% over last one month compared to 6.14% gain in BSE Fast Moving Consumer Goods index and 1.27% drop in the SENSEX. On the BSE, 10445 shares were traded in the counter so far compared with average daily volumes of 1.41 lakh shares in the past one month. The stock hit a record high of Rs 690.95 on 30 Jul 2024. The stock hit a 52-week low of Rs 486.75 on 19 Mar 2024.

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