External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Marico’s 1QFY25 results were in line with the preview update released by the company</li><li>Domestic volume growth of 4% during 1QFY25 was on expected lines</li><li>We maintain Marico as a high-conviction BUY within staples with a TP of Rs 725 (50x June-26 EPS, 20% premium to its 5-year average PE) and upgrade the target multiple from 45x to 50x, as the worst is behind us w.r.t muted volume growth, pricing correction, loss related to new business and transient currency headwinds</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Marico’s 1QFY25 results were in line with the preview update released by the companyDomestic volume growth of 4% during 1QFY25 was on expected linesWe maintain Marico as a high-conviction BUY within staples with a TP of Rs 725 (50x June-26 EPS, 20% premium to its 5-year average PE) and upgrade the target multiple from 45x to 50x, as the worst is behind us w.r.t muted volume growth, pricing correction, loss related to new business and transient currency headwindsContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Marico (1QFY25 Results Review): All Ducks in a Row for a Healthy Volume Revival.

Marico Ltd

Marico (1QFY25 Results Review): All Ducks in a Row for a Healthy Volume Revival.