• Invest
    Investment Suite
    Stocks
    Mutual Funds
    Future and Options
    IPO
    Exchange Traded Funds
    Commodity
    Stockcase (Stock Baskets)
    Currency
    Non Convertible Debentures
    Sovereign Gold Bond
    Exclusive
    NRI Account
    Private Client Group
    Features
    SipIt
    MTF
    Investment Suite
    Exclusive
    Features
  • Platform
    Product Suite
    Kotak Neo App & Web
    Nest Trading Terminal
    NEO Trade APIs
    Features and Tools
    MTF
    Securities Accepted as Collateral
    Margin Requirements
    Equity Screeners
    Payoff Analyzer
    Calculators
    SIP Calculator
    Lumpsum Calculator
    Brokerage Calculator
    Margin Calculator
    MTF Calculator
    SWP Calculator
    CAGR Calculator
    Simple Interest Calculator
    ELSS Calculator
    Step up SIP Calculator
    All Calculators
    Product Suite
    Features and Tools
    Calculators
  • Pricing
  • Research
    Research Calls
    Long Term calls
    Short Term calls
    Intraday calls
    Derivatives calls
    Pick of the week
    Top Monthly Picks
    Research Reports
    Fundamental Research Report
    Technical Research Report
    Derivative Research Report
    Research Calls
    Research Reports
  • Market
    Stocks
    Market Movers
    Large Cap
    Mid Cap
    Small Cap
    Indices
    Nifty 50
    Bank Nifty
    FinNifty
    Nifty Midcap India
    VIX
    All Indian Indices
    Mutual Funds
    SBI Mutual Funds
    HDFC Mutual Funds
    Axis Mutual Funds
    ICICI Prudential Mutual Funds
    Nippon India Mutual Funds
    All AMC's
    IPO
    Upcoming IPO
    Current IPO
    Closed IPO
    Recently Listed IPO
    Stocks
    Indices
    Mutual Funds
    IPO
  • Learn
    Resource
    Market Ready
    Kotak Insights
    Infographic
    Podcast
    Webinars
    Youtube Channel
    Quarterly Results
    Investing Guide
    Demat Account
    Trading Account
    Share Market
    Intraday Trading
    IPO
    Mutual Funds
    Commodities
    Currency
    Futures & Options
    Derivatives
    Margin Trading
    Events
    Budget 2024
    Muhurat Trading
    Share Market Holiday
    Market Outlook 2024
    Resource
    Investing Guide
    Events
  • Partner
    Business Associates
    Fund Expert
    Kotak Connect Plus
    Startup connect
  • Support
    FAQs
    Circulars
    Bulletins
    Contact Us
    Forms Download
    Get your Statement

Marico’s Q4FY24 Quarter Results

Marico’s revenue de-grew 0.6% YoY
  • 10 May 2024
Read Full Article >
  • 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.

Open Demat Account
+91 -

personImage
Open Demat Account
+91 -

N
N
[object Object]
[object Object]
[object Object]
[object Object]
[object Object]