• BSE
  • NSE
    • {{d.cmpname}}
    • {{d.price}}
    • ({{d.PerChg}}%)
Equity | News | Hot Pursuit
Hot Pursuit
Marico rises after Q3 PAT jumps 13% YoY to Rs 312 cr
Back
(15:29, 27 Jan 2021)
The revenue increased on the back of a strong domestic volume growth of 15% and a constant currency growth of 8% in the international business.

Profit before tax rose 10% year on year to Rs 394 crore in Q3 FY21. Tax expense for the quarter ended December 2020 remained unchanged at Rs 82 crore. EBITDA grew by 11% to Rs 413 crore in Q3 FY21 over Q3 FY20. Meticulously driven cost saving initiatives and rationalised advertising spends in discretionary categories resulted in the Company delivering an EBITDA margin of 19.5%, a moderate dip of 90 bps year-on-year.

Advertising & sales promotion at 9% of sales, grew by 4% YoY after driving significant spend efficiencies and rationalizing spends in discretionary categories. Spends were focused largely on core franchises and new products.

The domestic business delivered a turnover of Rs 1,627 crore, up 18% on a YoY basis, on the back of a strong underlying volume growth of 15%. The operating margin was lower YoY at 21.6% in Q3FY21 versus 23.2% in Q3FY20, owing to the residual impact of inflationary input costs after the company increased effective consumer prices in select portfolios, rationalized advertising spends in discretionary categories and realized accruals of annualized targeted cost saving initiatives of Rs 150 crore in the current year.

During the quarter, as key raw materials witnessed inflationary trends, the company increased effective consumer pricing in select portfolios, while continuing to absorb the cost pressure to a certain extent.

Parachute Rigids recorded a volume growth of 8% during the quarter, affirming its position as a trusted leader brand. Value Added Hair Oils had a strong quarter, clocking a healthy broad-based volume growth of 21%.

Marico's International business grew by 8% in Q3FY21 in constant currency terms. The operating margin in the international business marginally expanded to 21.3% in Q3FY21 versus 20.5% in Q3FY20, given tighter overhead cost management across all geographies.

The business in Bangladesh sustained its growth momentum, registering a 15% YoY constant currency growth in Q3FY21. The South East Asia business was down 3% in Q3FY21 in constant currency terms. The MENA business recorded a soft1% de-growth in constant currency terms. The South Africa business continued to grow, clocking a 7% constant currency growth for the quarter.

Marico holds its medium term aspiration of delivering 8-10% domestic volume growth and 13-15% revenue growth. The near term outlook appears more promising, as the company expects domestic volume growth to be in double digits, provided there is no second surge of COVID-19 cases and economic recovery continues. Marico shall continue to invest behind brand building to support market growth initiatives in core categories and expansion into adjacent categories as advertising spends are expected to reach pre-COVID levels. Spends on the digital platforms will continue to rise. The company would be comfortable maintaining its threshold operating margin of 19% plus over the medium term.

Marico is a leading Indian group in consumer products in the global beauty and wellness space.

Powered by Capital Market - Live News

Top
Scores
Investor Charter
Investor Complaints
Advisory for Investors
KYC documents in vernacular languages
KYC documents in vernacular languages of commodities
.
Stock Broker Name Registration Number Registered Address Branch Address Contact Number Email id
DB (International) Stock Brokers Limited INZ000179035 (BROKING)

IN-DP-CDSL-266-2004 (DEPOSITORY) 		Unit No. 210/211/211A at 2nd floor, Dalal Street Commercial Cooperative Society Ltd, Block No.53, Zone 5, Gift City, Gandhinagar, Gujarat-382355 Head Office – 114, New Delhi House, 27 Barakhamba Road, Delhi 110001 011-43606162 compliance@dbonline.in
51, Mini Market T/F Mandir Wali Gali, Yusuf Sarai, New Delhi 110016 011-35936102 greenpark@dbonline.in
C-12, DB Plaza, RDC Raj Nagar, Ghaziabad 2012002 0120-4150393 ghaziabad@dbonle.in
827, Tower B3, Spaze I Tech Park, Sector 49, Sohna Road, Gurgaon, Haryana – 122001 0124-4383584 sanjay05@dbonline.in
Plot No 4, Wasme House, Film City Sector 16A, Noida – 201301 0120-4823200 compliance@dbonline.in
Out Side Jassusar Gate, Bikaner, Rajasthan – 334001 9001643408 bikaner@dbonline.in
Office No 101, City Center, Opp. High Court, M G Road, Indore 452001 9424083019 brajeshsadani@dbonline.in
203, Marshal House 25, Strand Road, Kolkata 700001 033-40055270 b032@dbonline.in
Shop No.-7, 2nd Floor, Amar Complex, Opp. Hanumaan Mandir, The Mall, Solan- 173212 6230604596 parwanoo@dbonline.in
Daga Commodities Private Limited INZ000028833 114, New Delhi House, 27 Barakhamba Road Delhi New Delhi DL 110001- 0120-4823200 compliance@dbonline.in
DAGA BUSINESS (INTERNATIONAL) STOCK BROKERS IFSC PRIVATE LIMITED - Unit No. 228, Signature Building, Second Floor, Block 13B, Zone-1, GIFT SEZ, Gandhinagar,Gujarat 382355 - 0120-4823200 compliance@dbonline.in
Investor Grievances Email ID: investors@dbonline.in
Copyright © 2016 All rights Reserved DB (International) Stock Brokers Ltd.     Designed, Developed and content powered by C-MOTS Infotech( ISO 9001:2015 certified )
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."          "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Attention Investors ::
subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries | Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020. | Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. | Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month........... Issued in the interest of Investors"