CRISIL reaffirms 'AAA/Stable' rating on Marico's long-term bank facilities

The ratings continue to reflect Marico’s leading position across product categories.

Sep 23, 2021 12:09 IST India Infoline News Service

CRISIL Ratings has reaffirmed its 'CRISIL AAA/Stable/CRISIL A1+' ratings on the enhanced limits of various bank facilities of Marico Limited (Marico).

The ratings continue to reflect Marico’s leading position across product categories, improving revenue diversity, healthy operating efficiency, and a robust financial risk profile.

These strengths are partially offset by the susceptibility of the operating margin to competition and to volatility in raw material price.

For arriving at its ratings, CRISIL Ratings has combined the business and financial risk profiles of Marico and all its direct and wholly owned subsidiaries, collectively referred to herein as Marico, as they are all involved in the same business. 

On Thursday, at around 12:39 PM, Marico was trading higher by 0.31% at Rs566.95 per piece on the BSE.

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