Marico shares gains 5% as Q4 earnings meet estimates

Published On: Tuesday, May 5, 2020 | By: Team KnowMyStock

Marico share price gained 6 per cent to Rs 301.65 on May 5 despite the company has posted a weak set of numbers for the quarter ended in March. The company, on May 4, reported a drastic 50.6 per cent year-on-year (Y0Y) fall in consolidated profit to Rs 199 crore versus profit of Rs 403 crore because of the tax credit in the year-ago period and Rs 10 crore of exceptional items in Q4FY20. Domestic revenue in Q4 declined 7.6 per cent to Rs 1,146 crore and the international business grew by 5.1 per cent to Rs 350 crore YoY. Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 4.1 per cent year-on-year to Rs 282 crore in the quarter ended March 2020. Brokerage firm Jefferies revised earnings per share (EPS) for Marico higher post the results, factoring in higher-margin for FY21. Around 48.1 lakh shares have changed hands on the NSE and BSE so far. In 2020 so far, Marico has fallen 9.83 per cent as compared to Sensex's 23.21 per cent plunge.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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