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Marico: Fresh quarter, fresh profits

Feb 16, 2004

Hair and edible oil major, Marico, announced its 3QFY04 results recently. During the period, the topline of the company has grown by 16% on a YoY basis. The bottomline however, has risen at a lower rate registering a YoY increase of 12%. An important landmark of recording 13 consecutive quarters of YoY topline growth and 17 consecutive quarters of YoY profit growth was achieved during the quarter. These numbers reflect Marico India's performance.

(Rs m) 3QFY03 3QFY04 Change 9mFY03 9mFY04 Change
Net Sales 1,869 2,172 16.2% 5,476 6,335 15.7%
Other Income 13 8 -39.1% 27 22 -19.8%
Expenditure 1,700 1,989 17.0% 4,924 5,770 17.2%
Operating Profit (EBDIT) 169 183 8.6% 552 565 2.4%
Operating Profit Margin (%) 9.0% 8.4%   10.1% 8.9%  
Interest 3 1 -83.3% 12 7 -42.7%
Depreciation 113 29 -74.0% 185 84 -54.4%
Profit before Tax 66 162 143.7% 382 496 29.8%
Extraordinary income 78 0 - 78 0 -
Tax 22 25 15.8% 80 79 -0.8%
Profit after Tax/(Loss) 123 137 11.6% 380 417 9.6%
Net profit margin (%) 6.6% 6.3%   6.9% 6.6%  
No. of Shares 29.0 29.0   29.0 29.0  
Diluted Earnings per share (Rs)* 16.9 18.9   17.5 19.2  
P/E Ratio (x)   12.5     12.3  
(* annualised)            

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Oct 1, 2020 01:17 PM

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