Marico Share Price Dips as LIC Reduces Stake by Over 2%

Market Performance

On June 13, the Marico share price fell by 1.5% during intraday trading on the BSE.

• Opening Price: ₹689.55
• Previous Close: ₹692.05
• Intraday Low: ₹681.70

The dip follows news that the Life Insurance Corporation of India (LIC) has trimmed its stake in the FMCG company.

Main News: LIC Trims Over 2% Stake in Marico

In a regulatory filing on June 13, Marico revealed that LIC offloaded 2,57,73,028 shares, which accounts for 2.006% of the total equity through market sales.

• Transaction Period: Between June 5, 2021, and June 11, 2025
• Post-transaction Holding: LIC now holds 3,88,76,829 shares, amounting to a 3% stake in Marico

This reduction in stake by LIC marks a notable move in the company's institutional ownership structure.

Company Details: Marico Shareholding Pattern

As of the March 2025 quarter, several prominent domestic and foreign institutional investors were holding stakes in Marico.

Domestic Institutional Investors:

• Quant Mutual Fund:
  • Shares Held: 1,46,13,871
  • Stake: 1.13%
• HDFC Mutual Fund:
  • Shares Held: 2,35,15,321
  • Stake: 1.82%

Foreign Portfolio Investors (FPIs):

• Government Pension Fund Global:
  • Shares Held: 1,35,00,019
  • Stake: 1.04%

Marico Share Price Trend

• Year-to-date Growth: Nearly 7%
• 1-Year Growth: Approx. 13%
• 52-Week High: ₹740 (on May 8, 2025)
• 52-Week Low: ₹577.90 (on March 4, 2025)

Despite the short-term dip, Marico's stock has shown strong upward momentum over the past year.

Summary of the Article

The Marico share price declined marginally on June 13 following LIC's decision to reduce its stake by over 2%. This transaction, executed over a period of four years, reduced LIC's shareholding to 3%. The stock continues to attract institutional interest, and its performance over the past year remains strong, with a 13% gain and a new 52-week high set in May.