The Hindu Business Line : Acquisition buzz takes Marico to new high

According to dealers, the market was sniffing possibility of some acquisition, which will allow the company an entry into the personal care business. The company has already made clear its intention of entering the new business segment with more focus on hair and skin care. The company has recently acquired certain food brands.

On the BSE, 78 per cent of the total traded quantity was presented for delivery and on the NSE it was 75.6 per cent. On the NSE it clocked a record volume of 2.12 lakh shares.

According to Ms Priya Madani of Anagram Stockbroking, Marico is expected to post a double-digit top and bottomline growth for existing products during the current fiscal and maintain a return on capital employed at 30 per cent. "But for new products will take time to stabilise - probably till the end of 2004," she added.

Around 81 per cent of the company's revenue comes from raw and refined oils, 5 per cent from hair oils and the balance 14 per cent from is contributed by odd assortment of products.

Marico has been able to develop an export market in the West Asian and SAARC countries. It is present in Bangladesh through its wholly owned subsidiary, Marico Bangladesh.

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