Marico’s Q4FY24 Quarter Results

Marico’s revenue de-grew 0.6% YoY
  • 10 May 2024
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  • Marico reported 7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended March (Q4FY24). On a year-on-year (YoY) basis, it witnessed a de-growth of 0.6%.
  • Its expenses for the quarter were down by 4% QoQ and 1% YoY.
  • The net profit de-grew 17% QoQ and grew 5% YoY.
  • The earnings per share (EPS) of Marico stood at 2.5 during Q4FY24.

Marico’s Financial Statements for Q4FY24:

(Rs crores) Q4FY23 Q3FY24 Q4FY24 QoQ (%) YoY (%)
Total income
2,308
2,465
2,293
-7.0%
-0.6%
Total expenses
1,907
1,970
1,894
-4%
-1%
Profit before tax
401
495
399
-19%
-0.5%
Tax
96
109
79
-28%
-18%
Profit after tax
305
386
320
-17%
5%
Earnings per share
2.3
3.0
2.5

Marico’s Q4 FY24 Results Highlights:

  • Revenue: There was a nearly 2% year-over-year (YoY) increase in consolidated revenue from operations, reaching ₹2,278 crore.

  • Profit: Consolidated net profit witnessed a 5% jump YoY to ₹320 crore, though it dropped over 17% compared to the previous quarter (Q3FY24).

  • Margins: The company's EBITDA margin improved significantly, reaching 19.4%, reflecting a 186 basis point increase YoY. This indicates improved profitability despite the slight increase in revenue.

  • Volume Growth: The domestic business saw an underlying volume growth of 3%, while the international business grew 10% in constant currency terms.

Management Commentary:

  • Management highlighted a generally positive macroeconomic climate in India, with stable trends in rural and urban markets.

  • They emphasized their success in maintaining or gaining market share in 75% of their domestic business units while achieving market penetration growth across all categories.

  • The expansion in gross margin (420 basis points) and EBITDA margin (186 basis points) reflects their focus on cost control and efficiency improvements.

  • Management also expressed optimism regarding the future. They expect a good monsoon season in FY25, which can boost rural demand.


Data Source: BSE, Company announcements

The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results.

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