Marico Q1 Results Highlights: Net Profit Rises 8.7% to ₹464 Cr

Marico Ltd announced a consolidated net profit of ₹464 crore for the June quarter of FY25. The Earnings Before Interest, Tax, Depreciation, and Amortization (EBIDTA) margin was 23.7%, an increase of 50 basis points year-on-year, with EBIDTA growing by 9%.

Marico Q1 Results Highlights

On August 5, Marico Ltd announced a consolidated net profit of ₹464 crore for the June quarter of FY25, marking a 9% increase from ₹427 crore in the same quarter of the previous fiscal year.

The company's total revenue reached ₹2,643 crore, which represents a 6.7% rise from ₹2,477 crore in the year-ago quarter, according to a regulatory filing.

A Moneycontrol survey of nine brokerages had anticipated Marico's revenue growth to be 7.6% year-on-year, amounting to ₹2,666 crore, up from ₹2,477 crore in the corresponding quarter of the previous year. The expected net profit was ₹463 crore, compared to ₹427 crore last year.

The Earnings Before Interest, Tax, Depreciation, and Amortization (EBIDTA) margin was 23.7%, an increase of 50 basis points year-on-year, with EBIDTA growing by 9%.

Domestic volume growth increased by four%. The international business continued its double-digit growth in constant currency terms, with each key market achieving broad-based growth.

On August 5, Marico share price surged by 10.85% to ₹672.80 each on the BSE, ahead of the earnings announcement.

Marico Management Commentary

"Gross margin expanded by 230 basis points year-on-year, driven by low input costs and a favorable product mix. Advertising and promotion expenses increased by 13% year-on-year, as the company maintained its strategic focus on brand building for core and new businesses," the company stated in its regulatory filing.

About Marico Ltd

Marico manufactures and markets products under various brands such as Parachute, Parachute Advansed, Nihar, Nihar Naturals, Saffola, Hair & Care, Revive, Mediker, Livon, Set-wet, and others. The company's products reach consumers through a retail network supported by regional offices, carrying & forwarding agents, redistribution centers, and distributors spread across India.

The company's products reach customers in the Asia-Pacific region, the Middle East, Europe, Africa, and the Americas. Britannia Industries Ltd operates manufacturing facilities throughout India and is headquartered in Bangalore, Karnataka, India.