Marico Ltd on Friday, 31 January, announced its quarterly earnings for the October-December quarter.
For the quarter ended 31 December, the company reported a 4.2% year-on-year (YoY) increase in consolidated net profit to Rs 399 crore compared to Rs 383 crore reported in the same quarter of the previous fiscal year.
The revenue from operations for the quarter under review stood at Rs 2,794 crore, marking a 15% YoY growth against Rs 2,422 crore reported in the same quarter last year.
Domestic Revenue Performance:
Revenue increased 17% YoY to Rs 2,101 crore, driven by price hikes in core portfolios to counter rising input costs. Among sales channels, modern trade (MT) and e-commerce (including Quick Commerce) posted strong double-digit volume growth, while general trade (GT) remained stable.
Category Highlights:
- Saffola Edible Oils maintained stability, recording low-single-digit volume growth despite a sharp increase in vegetable oil prices. The brand’s revenue surged 24%, supported by recent pricing interventions.
- The Foods segment delivered 31% YoY value growth, nearing Rs 1,000 crore annualised revenue (ARR) in Q3. Saffola Oats posted double-digit growth, while newer franchises performed well.
- Premium Personal Care continued its strong momentum, fueled by digital-first brands like Beardo, Just Herbs, and Plix. The segment surpassed expectations, reaching Rs 600 crore ARR in Q3. Beardo remains on track to achieve double-digit EBITDA margins this year.
International Business:
- Bangladesh achieved 20% constant currency growth (CCG), showcasing resilience despite macroeconomic challenges.
- MENA (Middle East & North Africa) reported 35% CCG, with broad-based growth across the Gulf region and Egypt.
- South Africa recorded 17% CCG, with strong performance in the Hair Care and Health Care segments.
- Southeast Asia had a muted quarter.
- NCD and exports grew 15% YoY
On the operating front, the earnings before interests, taxes, depreciation, and amortisation (EBITDA) increased by 4% to Rs 533 crore against Rs 513 crore. The EBITDA margins contracted by 210 basis points to 19.1% in Q3FY25 compared to 21.2% during Q3FY24.
Moreover, the Board of Directors of the company declared an interim dividend of Rs 3.5 per share and has set 7 February 2025 as the record date.
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