“The first-half ended on a fairly positive note despite the operating environment bringing little cheer,” said Managing Director and Chief Executive Officer Saugata Gupta.
Shares of Marico’s declined as much as 6.5% to Rs 504.1 apiece. It was the worst performer among its peers.
Of the 43 analysts tracking the company, 27 maintain a ‘buy’, 13 suggest a ‘hold’ and three recommend a ‘sell’. The 12-month consensus price target implies a downside of 8.1%.
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