TO­DAY’S STOCK PICK

The New Indian Express - - PERSONAL FINANCE - The views and rec­om­men­da­tions made above are that of the in­di­vid­ual an­a­lyst or broking com­pany, and not that of

For FY20, Marico’s man­age­ment ex­pects 10% vol­ume growth in In­dia busi­ness, dou­ble-digit CC sales growth in in­ter­na­tional busi­ness, and over 18% EBITDA mar­gin. Marico is emerg­ing as an in­ter­est­ing play on ru­ral growth. Three fac­tors un­der­pin our con­fi­dence on Marico’s earn­ing prospects: (i) likely be­nign RM en­vi­ron­ment over the next 18-24 months (ii) strong vol­umes per­for­mance of Parachute and healthy growth prospects in the VAHO seg­ment and (iii) good trac­tion be­ing wit­nessed on new prod­uct de­vel­op­ment.

— Moti­lal Oswal Se­cu­ri­ties Lim­ited

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