Marico profit rises 5.2% to Rs 406 crore in Q3, revenue up 15.3% to Rs 2,794 crore

Marico Q3 Results: Homegrown FMCG large Marico Ltd connected Friday reported an summation of 5.18 per cent successful consolidated nett net to Rs 406 crore for the December 4th ended 2024, successful which the Mariwala-led steadfast reported a measurement maturation from the home marketplace and bully show from its International business.

It had posted a nett net of Rs 386 crore successful the October-December 4th a twelvemonth ago, according to a regulatory filing by Marico.

Marico's consolidated gross from operations was up 15.35 per cent to Rs 2,794 crore during the 4th nether review. It was astatine Rs 2,422 crore a twelvemonth ago.

The maturation successful gross was led "with underlying measurement maturation of 6 per cent successful the India concern and changeless currency maturation of 16 per cent successful the planetary business," said Marico successful its earning statement.

However, its gross borderline "contracted by 180 bps Y-o-Y, chiefly impacted by the rising inclination successful copra and rootlike lipid prices," which was lone partially offset by pricing interventions successful cardinal portfolios.

The A&P spends of Marico, which owns fashionable brands similar Saffola, Parachute, Livon, etc were up 19 per cent Y-o-Y.

"Consequently, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was up 4 per cent, arsenic EBITDA borderline stood astatine 19.1 per cent, down 210 bps," it said Total expenses of Marico, accrued 17.66 per cent successful the December 4th to Rs 2,318 crore.

Marico's full income, which includes different income, was up 15.05 per cent to Rs 2,836 crore successful the December quarter.

Commenting connected the results MD & CEO Saugata Gupta said, "We person delivered a considerably resilient show successful this 4th with the highest underlying measurement and gross maturation successful 13 quarters." "The halfway home portfolios person held steadfast amidst inflationary conditions and witnessed marketplace stock and penetration gains, with the accelerated scale-up successful Foods and Digital-first brands visibly advancing the diversification agenda," helium said.

In the December quarter, the home gross of Marico was up 17.17 per cent to Rs 2,101 crore. This maturation was led by terms hikes successful halfway portfolios successful effect to the crisp emergence successful input costs, it added.

"The India concern posted an uptick successful underlying measurement maturation connected a sequential basis, which was underpinned by a resilient show crossed the halfway portfolios and scale-up of the caller businesses," said Marico.

During the quarter, offtake maturation remained beardown arsenic implicit 90 per cent of the concern either gained oregon sustained marketplace stock and 80 per cent of the portfolio either gained oregon sustained penetration.

Among channels, MT and E-commerce, including Quick Commerce continued to pb with precocious double-digit measurement growth, portion the accepted GT transmission which chiefly comprises neighbourhood kirana shops was flattish.

Marico's gross from the planetary marketplace was up 10.17 per cent to Rs 693 crore.
Its Bangladesh concern posted 20 per cent CCG (Constant Currency growth), amidst a challenging macro environment.

"The fundamentals and medium-term maturation conception of the concern stay intact," it said.

Its MENA (Middle East and North Africa) delivered 35 per cent CCG with broad-based maturation successful the Gulf portion and Egypt. South Africa registered 17 per cent CCG with some the Hair Care and Health Care franchises faring well.

While South East Asia concern had a brushed quarter, Marico added.

In the India business, Marico's Parachute concern registered 3 per cent measurement maturation and recorded 15 per cent gross growth, aided by pricing hikes taken during this year.

While its Saffola Edible Oils delivered a low-single digit measurement maturation amidst the crisp emergence successful rootlike lipid prices. The marque posted 24 per cent gross growth, led by terms hikes taken implicit the past fewer months.

Value-Added Hair Oils business, which includes Hair & Care, Nihar and Coco Soul - declined by 2 per cent successful worth terms.

Its foods concern posted 31 per cent worth maturation YoY, nearing Rs 1,000 crore Annual tally complaint (ARR) successful Q3.

"Saffola Oats delivered double-digit growth, portion the newer franchises fared healthily. True Elements and the plant-based nutrition portfolio of Plix maintained their accelerated maturation momentum," it said.

Premium Personal Care besides continued its beardown tally during the quarter. The Digital-first portfolio, comprising Beardo, Just Herbs and the idiosyncratic attraction portfolio of Plix, scaled up of expectations to scope Rs 600 crore successful ARR successful Q3.

"The composite gross stock of Foods and Premium Personal Care (including Digital-first brands) successful the home concern stood astatine 21 per cent successful 9MFY25 (April-December)," said Marico.

Over the outlook, Marico said it expects gradually improving maturation trends successful the halfway categories of its home business, amidst the unchangeable macro backdrop "We besides proceed to gully assurance from steadfast offtakes, penetration and marketplace stock gains successful our cardinal portfolios," said Marico adding successful the mean term, it aims to present double-digit gross growth.

Meanwhile, successful a abstracted filing, Marico said its committee successful a gathering held connected Friday declared an interim dividend of 350 per cent, which is Rs 3.50 per equity stock of Re 1 each for the Financial Year 2024-25.

Shares of Marico Ltd connected Friday were trading astatine Rs 671.10 per scrip connected the BSE, down 0.19 per cent from the erstwhile close.