Marico Q4 Results

Marico Q4 Results: Company's EBIDTA increased by 12.5% to Rs 442 crore in March quarter

Marico Q4 Results: FMCG sector company Marico released the results for the March quarter of financial year 2024 on Monday, May 6. The company said that its net profit in the March quarter increased by 4.9 percent to Rs 318 crore, which was Rs 302 crore in the same quarter of its financial year. The company's revenue increased by 1.69 percent to Rs 2,278 crore, which was Rs 2,240 crore in the same quarter of the previous financial year.

The company's operating profit (EBIDTA) increased by 12.5 percent year-on-year to Rs 442 crore in the March quarter. At the same time, its operating profit margin increased by 1.90 percent to 19.4 percent.

The company said in a presentation to investors that economic growth in rural areas is strong and the outlook is promising. 75 per cent of the company's domestic businesses either gained or retained market share on a MAT basis and 100 per cent of its domestic businesses gained or retained market share on a MAT basis.

The company's value-added medium and premium hair oil segments performed relatively better. The company said that by FY27 its food portfolio will be 2 times the current level. The company said that this portfolio can grow at a CAGR rate of more than 20 percent in the coming years.

Marico announces second interim dividend

Marico's board of directors declared a second interim dividend of Rs 6.50 per share. Earlier, the company had declared the first interim dividend of Rs 3 on October 30. If we combine both, then the company is giving a dividend of Rs 9.50 on every share to the shareholders during the financial year 2024.

Shares jumped 3%

After the announcement of the results, Marico shares jumped nearly 3 percent and closed at Rs 531.85. Since the beginning of this year, the company's shares have declined by 1.92 percent. At the same time, the price of its shares has increased by only 0.22 percent in the last one year.