MARICO Announces Quarterly Results (1QFY21); Net Profit Up 23.8%

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MARICO Announces Quarterly Results (1QFY21); Net Profit Up 23.8%
Wed, 26 Aug

MARICO has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

MARICO Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m21,66014,96019,25028.7%-11.1%
Other incomeRs m280320190-40.6%-32.1%
TurnoverRs m21,94015,28019,44027.2%-11.4%
ExpensesRs m17,05012,14014,58020.1%-14.5%
Gross profitRs m4,4202,7205,31095.2%20.1%
DepreciationRs m350380340-10.5%-2.9%
InterestRs m12013090-30.8%-25.0%
Profit before taxRs m4,2302,5305,070100.4%19.9%
TaxRs m1,0805301,170120.8%8.3%
Profit after taxRs m3,1502,0003,90095.0%23.8%
Gross profit margin%20.418.227.6
Effective tax rate%25.520.923.1
Net profit margin%14.413.120.1
* 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 fell 11.1% on a year-on-year (YoY) basis. The expenses were down by 14.5% YoY during the same period.
  • The company's operating profit increased by 20.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.6% in 1QFY21 as against 20.4% in 1QFY20.
  • Depreciation charges declined by 2.9% and finance costs declined by 25.0% YoY, respectively.
  • Other income declined by 32.1% YoY during the quarter.
  • Net profit for the quarter increased by 23.8% YoY. Net profit margins during the quarter increased from 14.4% in 1QFY20 to 20.1% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 28.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 20.1% QoQ during the same period.
  • The company's operating profit increased by 95.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.6% in 1QFY21 as against 18.2% in 4QFY20.
  • Net profit for the quarter increased by 95.0% QoQ, while net profit margins increased from 13.1% in 4QFY20 to 20.1% in 1QFY21.

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

Important: One stock to add to your portfolio asap

MARICO Share Price Performance

Over the last one year,MARICO share price has moved down from Rs 376.3 to Rs 368.5, registering a Loss of Rs 7.8 or around 2.1%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,636.6 (down 0.3%). Over the last one year it has moved up from 10,875.7 to 11,636.6, a gain of 761 points (up 7.0%).

Overall, the S&P BSE SENSEX is up 3.7% over the year.

Current Valuations

At the current price of Rs 368.5, the price to earnings (P/E) ratio of MARICO stands at 42.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 18.4 times.

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Related Views on News

MARICO Announces Quarterly Results (4QFY20); Net Profit Down 50.7% (Quarterly Result Update)

May 5, 2020 | Updated on May 5, 2020

For the quarter ended March 2020, MARICO has posted a net profit of Rs 2 bn (down 50.7% YoY). Sales on the other hand came in at Rs 15 bn (down 7.0% YoY). Read on for a complete analysis of MARICO's quarterly results.

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.

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