MARICO Announces Quarterly Results (1QFY20); Net Profit Up 21.1%

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MARICO Announces Quarterly Results (1QFY20); Net Profit Up 21.1%
Mon, 5 Aug

MARICO has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

MARICO Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m20,26816,09021,66034.6%6.9%
Other incomeRs m2402802800.0%16.6%
TurnoverRs m20,50816,37021,94034.0%7.0%
ExpensesRs m16,71913,26017,05028.6%2.0%
Gross profitRs m3,5522,8304,42056.2%24.5%
DepreciationRs m22429035020.7%56.0%
InterestRs m538012050.0%126.8%
Profit before taxRs m3,5142,7404,23054.4%20.4%
TaxRs m913-1,3201,08018.3%
Profit after taxRs m2,6014,0603,150-22.4%21.1%
Gross profit margin%17.517.620.4
Effective tax rate%26.0-48.225.5
Net profit margin%12.724.814.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 6.9% on a year-on-year (YoY) basis. The expenses were up by 2.0% YoY during the same period.
  • The company's operating profit increased by 24.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.4% in 1QFY20 as against 17.5% in 1QFY19.
  • Depreciation charges increased by 56.0% and finance costs increased by 126.8% YoY, respectively.
  • Other income increased by 16.6% YoY during the quarter.
  • Net profit for the quarter increased by 21.1% YoY. Net profit margins during the quarter increased from 12.7% in 1QFY19 to 14.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 34.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 28.6% QoQ during the same period.
  • The company's operating profit increased by 56.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.4% in 1QFY20 as against 17.6% in 4QFY19.
  • Net profit for the quarter declined by 22.4% QoQ, while net profit margins declined from 24.8% in 4QFY19 to 14.4% in 1QFY20.

To see how MARICO has performed over the last eight quarters,please visit here.

MARICO Share Price Performance

Over the last one year,MARICO share price has moved up from Rs 352.3 to Rs 373.2, registering a Gain of Rs 21.0 or around 5.9%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 10,905.1 (down 0.7%). Over the last one year it has moved down from 12,157.4 to 10,905.1, a gain of 1,252 points (down 10.3%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 373.2, the price to earnings (P/E) ratio of MARICO stands at 40.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 18.7 times.

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MARICO Announces Quarterly Results (3QFY20); Net Profit Up 9.7% (Quarterly Result Update)

Jan 31, 2020 | Updated on Jan 31, 2020

For the quarter ended December 2019, MARICO has posted a net profit of Rs 3 bn (up 9.7% YoY). Sales on the other hand came in at Rs 18 bn (down 2.0% YoY). Read on for a complete analysis of MARICO's quarterly results.

MARICO Announces Quarterly Results (2QFY20); Net Profit Up 15.5% (Quarterly Result Update)

Oct 31, 2019 | Updated on Oct 31, 2019

For the quarter ended September 2019, MARICO has posted a net profit of Rs 3 bn (up 15.5% YoY). Sales on the other hand came in at Rs 18 bn (down 0.4% YoY). Read on for a complete analysis of MARICO's quarterly results.

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