MARICO Announces Quarterly Results (4QFY19); Net Profit Up 122.4%

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MARICO Announces Quarterly Results (4QFY19); Net Profit Up 122.4%
Tue, 7 May

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

MARICO Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m14,80118,61016,090-13.5%8.7%
Other incomeRs m22921628029.8%22.4%
TurnoverRs m15,03018,82516,370-13.0%8.9%
ExpensesRs m12,27815,12013,260-12.3%8.0%
Gross profitRs m2,5233,4892,830-18.9%12.2%
DepreciationRs m23122629028.4%25.6%
InterestRs m53488067.0%51.2%
Profit before taxRs m2,4683,4312,740-20.1%11.0%
TaxRs m642914-1,320-244.4%-305.6%
Profit after taxRs m1,8262,5174,06061.3%122.4%
Gross profit margin%17.018.817.6
Effective tax rate%26.026.6-48.2
Net profit margin%12.113.424.8
* 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 8.7% on a year-on-year (YoY) basis. The expenses were up by 8.0% YoY during the same period.
  • The company's operating profit increased by 12.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.6% in 4QFY19 as against 17.0% in 4QFY18.
  • Depreciation charges increased by 25.6% and finance costs increased by 51.2% YoY, respectively.
  • Other income increased by 22.4% YoY during the quarter.
  • Net profit for the quarter increased by 122.4% YoY. Net profit margins during the quarter increased from 12.1% in 4QFY18 to 24.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 13.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.3% QoQ during the same period.
  • The company's operating profit declined by 18.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.6% in 4QFY19 as against 18.8% in 3QFY18.
  • Net profit for the quarter increased by 61.3% QoQ, while net profit margins increased from 13.4% in 3QFY18 to 24.8% in 4QFY19.

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 320.1 to Rs 364.3, registering a Gain of Rs 44.2 or around 13.8%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,655.7 (up 0.8%). Over the last one year it has moved up from 11,190.8 to 11,655.7, a gain of 465 points (up 4.2%).

Overall, the S&P BSE SENSEX is up 9.8% over the year.

Current Valuations

At the current price of Rs 364.3, the price to earnings (P/E) ratio of MARICO stands at 41.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 18.2 times.

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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.

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

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, MARICO has posted a net profit of Rs 3 bn (up 21.1% YoY). Sales on the other hand came in at Rs 22 bn (up 6.9% YoY). Read on for a complete analysis of MARICO's quarterly results.

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