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  • Marico and Ramco: an earnings snapshot

    Publish Date: 2nd August, 2018

    What connects fast moving consumer goods and cement? Not much except that two major players in these different sectors have announced their first quarter results for FY19. Here is a summary on the earnings reports released by Marico and The Ramco Cements.

    Marico

    Consumer goods company Marico’s first quarter results were broadly in-line with analysts’ expectations. The company reported a 10.2% rise in net profit to Rs 260.1 crore. Revenue for the period grew by 20.5% to Rs 2,026.8 crore on a YoY basis. Business volume in the domestic market grew by 12.4% while international business posted a 7% currency growth. However, a sharp rise in the cost of raw materials resulted in a contraction of gross margins by 554 basis points (bps) to 42.3%. The company’s stock price was down 5.39% to Rs 348.65 at end of the day.

    Click here to read an analysis of the consumer goods sector.

    The Ramco Cements

    Fifth largest cement manufacturer The Ramco Cements reported a 20% dip in its net profits to Rs 124.98 crore for the quarter ended June. Revenue for the quarter grew by 18.6% to Rs 1,219.9 crore. EBITDA declined by 13.8% to Rs 250.3 crore due to a significant rise in power and freight costs during the quarter. It is also interesting to note that the company is planning to contest the National Company Law Appellate Tribunal (NCLAT) order regarding the case about alleged cartelisation in the cement industry. The company’s share price fell by Rs 19.82 (2.78%) to Rs 693.10 at end of day.

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