MARICO LTD Announces Quarterly Results (1QFY19); Net Profit Up 10.3%

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MARICO LTD Announces Quarterly Results (1QFY19); Net Profit Up 10.3%
Mon, 6 Aug

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

MARICO LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m16,92414,80120,26836.9%19.8%
Other incomeRs m2292292404.9%4.8%
TurnoverRs m17,15315,03020,50836.4%19.6%
ExpensesRs m13,68112,27816,71936.2%22.2%
Gross profitRs m3,2432,5233,55240.8%9.5%
DepreciationRs m211231224-2.8%6.1%
InterestRs m3553530.0%52.4%
Profit before taxRs m3,2252,4683,51442.4%9.0%
TaxRs m86664291342.2%5.4%
Profit after taxRs m2,3591,8262,60142.5%10.3%
Gross profit margin%19.217.017.5
Effective tax rate%26.926.026.0
Net profit margin%13.812.112.7
* 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 19.8% on a year-on-year (YoY) basis. The expenses were up by 22.2% YoY during the same period.
  • The company's operating profit increased by 9.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.5% in 1QFY19 as against 19.2% in 1QFY18.
  • Depreciation charges and finance costs increased by 6.1% YoY and 52.4% YoY, respectively.
  • Other income increased by 4.8% YoY during the quarter.
  • Net profit for the quarter increased by 10.3% YoY. Net profit margins during the quarter declined from 13.8% in 1QFY18 to 12.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 36.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 36.2% QoQ during the same period.
  • The company's operating profit increased by 40.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.5% in 1QFY19 as against 17.0% in 4QFY18.
  • Net profit for the quarter increased by 42.5% QoQ, while net profit margins increased from 12.1% in 4QFY18 to 12.7% in 1QFY19.

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 325.1 to Rs 362.7, registering a Gain of Rs 37.6 or around 11.6%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 12,114.3 (down 0.4%). Over the last one year it has moved up from 10,031.6 to 12,114.3, a gain of 2,083 points (up 20.8%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 362.7, the price to earnings (P/E) ratio of MARICO LTD stands at 54.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 18.2 times.

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