Marico Q4 results: Net profit increased by 14.10% to Rs. 227 crores; misses estimates
Marico Q4 results: It is one of the largest consumer-based companies in India located in Mumbai. The companies consumer products also include health, beauty, and wellness. Whereas the company has its own brands like haircare, skincare, edible oils, health foods, and fabric care. The company has almost 8 plants across the country. The present chief executive officer (CEO) & managing director (MD) of the company is Saugata Gupta.
Meanwhile, on Friday, April 30th, the company reported its Q4 results for the financial year 2021-22. The companies consolidated net profit increased by 14.10% Year-on-Year (YoY) to Rs. 227.00 crores in Q4FY21. While the company also posted its consolidated net profit of Rs. 200.00 crores in the same quarter last fiscal year.
Moreover, the companies total revenue from operations increased by 34.50% to Rs. 2,012.00 crore compared to Rs. 1,496.00 in the same quarter last year. The profits of the company mainly driven by strong revenues, but lower margins.
Besides, the companies Parachute business increased by 29% in volumes during the quarter. The companies hair-oil business raised 22% in volumes, with all the key brands reported double-digit growth during the quarter, said the company in the exchange filing.
On the other side, the companies food business increased by 134% in value terms and crossed Rs. 300 crores turnover during the quarter. The companies oats business increased by 84% in value terms backed by increased penetration and market share gain.
While the EBITDA of the company during the quarter increased by 13.10% YoY to Rs. 319.00 crores, but the margins contracted by 300 basis points (bps) to 15.90% in Q4FY21.
The aggressively investing in core franchises and food innovations. So that the advertising and sales promotion increased by 35% YoY. While the results of the company were mixed as the margins of the company not up to the mark.
However, the shares of Marico Limited on Friday reported a bullish trend in the stock market. It gained 1.60 points with a 0.39% increase and reached 411.45 INR. While in BSE, the company gained 1.70 points with a 0.41% increase and reached 411.65 INR.
Stock Market on April 30th:
On Friday, both Sensex and Nifty reported a bearish trend in the stock market after bullish reports from the last four sessions of the market. The Sensex is trading below 48,800 levels and nifty trading below 14,700 levels in the stock market. The Sensex lost 983.58 points with a 1.98% decrease and reached 48,782.36 levels. While the nifty lost 263.80 points with a 1.77% decrease and reached 14,631.10 levels.
On the other side, the number of coronavirus cases in India on Saturday, May 1st reached 1,91,64,969 with almost 2,11,853 deaths.
In the border markets, the S&P BSE SmallCap index reported a bearish trend in the stock market on Friday. It lost 15.93 points with a 0.073% decrease and reached 21,670.11 levels. Whereas, the S&P BSE MidCap lost 133.24 points with a 0.65% decrease and reached a 20,312.20 level. While the Nifty Bank lost 932.70 points with a 2.77% decrease and reached 32,781.80 level.
Top Gainers on April 30th: ONGC, Coal India, Divi’s Laboratories, Grasim Industries, and IOC are the top gainers in today’s stock market.
Top Losers on April 30th: HDFC, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and Asian Paints are the top losers in today’s stock market.