CRISIL upgrades ratings on long-term debt instruments and long-term bank facilities of Marico

15 Jan 2014 Evaluate

Credit rating agency, CRISIL has upgraded its ratings on the long-term debt instruments, and long-term bank facilities of Marico to ‘AA+/Stable’ from ‘AA/Positive’, and has reaffirmed its rating on the short-term debt programme and short-term bank facilities at ‘A1+’.

The rating upgrade reflects CRISIL’s expectation of improvement in Marico’s business risk profile over the medium term driven by increasing revenue diversity and dominant market position in branded coconut oil, value added hair oil, and premium refined edible oil segments.

Marico is a leading manufacturer of coconut oil, hair oils, and premium refined edible oils in consumer packs. Marico has a market presence in the hair care, health care and male-grooming segments in India, Bangladesh, the Middle East, North Africa, South-East Asia, and South Africa.

Marico Share Price

636.65 8.40 (1.34%)
23-Dec-2024 15:23 View Price Chart
Peers
Company Name CMP
Nestle 2155.90
Britannia Inds 4706.35
Varun Beverages 625.95
Marico 636.65
Hatsun Agro Product 1035.60
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