MARICO LTD Announces Quarterly Results (4QFY18); Net Profit Up 6.8%

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MARICO LTD Announces Quarterly Results (4QFY18); Net Profit Up 6.8%
Fri, 20 Jul

MARICO LTD has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

MARICO LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m13,22216,24314,801-8.9%11.9%
Other incomeRs m22317422931.4%2.7%
TurnoverRs m13,44416,41715,030-8.5%11.8%
ExpensesRs m10,62713,22312,278-7.1%15.5%
Gross profitRs m2,5903,0192,523-16.4%-2.6%
DepreciationRs m2732132318.3%-15.5%
InterestRs m47395336.3%11.6%
Profit before taxRs m2,4932,9412,468-16.1%-1.0%
TaxRs m784709642-9.4%-18.1%
Profit after taxRs m1,7092,2331,826-18.2%6.8%
Gross profit margin%19.618.617.0
Effective tax rate%31.424.126.0
Net profit margin%12.713.612.1
* 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 grew 11.9% on a year-on-year (YoY) basis. The expenses were up by 15.5% YoY during the same period.
  • The company's operating profit declined by 2.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.0% in 4QFY18 as against 19.6% in 4QFY17.
  • Depreciation charges and finance costs declined by 15.5% YoY and 11.6% YoY, respectively.
  • Other income increased by 2.7% YoY during the quarter.
  • Net profit for the quarter increased by 6.8% YoY. Net profit margins during the quarter declined from 12.7% in 4QFY17 to 12.1% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.1% QoQ during the same period.
  • The company's operating profit declined by 16.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.0% in 4QFY18 as against 18.6% in 3QFY17.
  • Net profit for the quarter declined by 18.2% QoQ, while net profit margins declined from 13.6% in 3QFY17 to 12.1% in 4QFY18.

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

MARICO LTD Share Price Performance

Over the last one year, MARICO LTD share price has moved up from Rs 325.6 to Rs 351.1, registering a Gain of Rs 25.5 or around 7.8%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,335.3 (up 0.1%). Over the last one year it has moved up from 10,100.4 to 11,335.3, a gain of 1,234.9 points (up 12.2%).

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 351.1, the price to earnings (P/E) ratio of MARICO LTD stands at 54.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 19.5 times.

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