Marico - Inflationary Pressure On Volume Easing Out: Nirmal Bang

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.We recently hosted the management of Marico Ltd. at our virtual investors’ conference to get an update on the overall operating environment and demand trends being witnessed on ground. High and sticky inflation, which has affected volume growth in the past few quarters, is showing signs of some moderation and the same is getting reflected in the overall lower pace of volume decline for the fast moving consumer good industry. In terms of categories, driven by low penetration and higher urban salience, the foods business is doing much better compared to home and personal care, which has a significant rural salience. Rural market, which has been lagging urban market growth for the last few quarters, is yet to give any concrete signs of improvement. However, Marico is expecting Q4 FY23 to be better in terms of overall demand compared to Q3 FY23. The stock currently trades at ~49 times/~41 times/~37 times FY23E/FY24E/FY25E earnings per share as we build in 11.9% earnings compound annual growth rate over FY22-FY25E..Click on the attachment to read the full report:.Rossari Biotech Management Meet Key Takeaways - FY24 Should Be The Year Of Hope: Nirmal Bang.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Marico - Inflationary Pressure On Volume Easing Out: Nirmal Bang

Rural market, which has been lagging urban market growth for last few quarters, is yet to give any concrete signs of improvement.

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