Marico Share Price Dips as LIC Cuts Stake by 2% Through Market Sale

Marico Ltd, a major FMCG player, witnessed a dip in its share price on June 13, 2025, after Life Insurance Corporation of India (LIC) sold over 2% of its stake in the company through market transactions. The news impacted investor sentiment and triggered a short-term drop in the stock.

LIC Reduces Stake in Marico

Marico announced via an exchange filing that LIC sold 2,57,73,028 shares, which equals 2.006% of its holding, between June 5, 2021, and June 11, 2025. After this sale, LIC now holds 3,88,76,829 shares, or a 3% stake in the company.

Marico Share Price Movement

As of June 13, 2025, Marico share price is ₹691.40, down 0.15% for the day. The stock opened at ₹684.80, touched a high of ₹693.55 and a low of ₹681.85. The company has a market capitalisation of ₹89,490 crore, a price-to-earnings (P/E) ratio of 55.05, and a dividend yield of 1.52%. Its 52-week high is ₹740.20 and 52-week low is ₹577.85. Marico currently pays a quarterly dividend of ₹2.63 per share.

Also Read: Bajaj Finance Set June 16 as Record Date for Stock Split!

Institutional Holdings

Besides LIC, Marico is held by several top domestic and foreign institutions.

• Quant Mutual Fund owns 1.13%
• HDFC Mutual Fund holds 1.82%
• Government Pension Fund Global (a key FPI) holds 1.04%

Conclusion

LIC’s stake cut has temporarily weighed on Marico’s stock, but strong institutional backing and consistent long-term growth keep the outlook positive. Investors may watch for further updates and stake movements in the coming quarters.

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