Aided by higher other income and lower finance costs, consumer products maker Marico reported 24% growth in net profit for the quarter ended March this year at Rs 110.03 crore. Net sales increased 14.31% to Rs 1,222.98 crore.
Growth in sales volume for the company's domestic business, which accounts for 75% of its overall turnover, stood at 7%. Key brands Parachute and Saffola saw volume growth of 9% and 3%, respectively, while the value-added hair oils segment recorded 10% volume growth.
Overall, the company's domestic business grew 17% during the quarter, while international business expanded six%, owing to challenges in markets such as Bangladesh, which contributes about half to the city-based firm's global revenue.
During the March quarter, Marico's total expenditure increased 14.4% to Rs 1,075 crore. But this was offset by a 43% increase in other income at Rs 18.76 crore and the fact that finance costs fell 17% to Rs 5.61 crore.
The company's tax outgo, however, increased 12% to Rs 52.77 crore.
For 2014-15, Marico's net profit increased 18.44% to Rs 573.45 crore, against Rs 485.38 crore in 2013-14. Net sales for FY15 increased 22.32% to Rs 5,720.28. While the domestic business expanded 26% during the year, international business grew 10%.
After the company announced its earnings on Thursday, the Marico stock fell to Rs 399, before closing at Rs 401.35.
|
Particulars
|
March 15
|
Dec-14
|
Sep-14
|
Jun-14
|
Mar-14
|
FY 14-15
|
|
Revenue
|
991.94
|
1,192.88
|
1,144.17
|
1,352.22
|
852.17
|
4,681.20
|
|
Other Income
|
69.84
|
8.61
|
52.08
|
10.26
|
117.36
|
140.80
|
|
Total Income
|
1,061.78
|
1,201.50
|
1,196.25
|
1,362.48
|
969.53
|
4,822.00
|
|
Expenditure
|
-858.04
|
-1,006.38
|
-1,005.73
|
-1,149.09
|
-736.97
|
-4,019.24
|
|
Interest
|
-3.85
|
-3.06
|
-3.94
|
-6.12
|
-5.62
|
-16.98
|
|
PBDT
|
199.89
|
192.06
|
186.58
|
207.26
|
226.94
|
785.79
|
|
Depreciation
|
-13.56
|
-16.21
|
-13.58
|
-11.40
|
-12.65
|
-54.75
|
|
PBT
|
186.33
|
175.85
|
172.99
|
195.86
|
214.29
|
731.04
|
|
Tax
|
-45.61
|
-43.99
|
-44.80
|
-51.47
|
-37.16
|
-185.87
|
|
Net Profit
|
140.72
|
131.86
|
128.20
|
144.39
|
177.12
|
545.17
|
|
Equity
|
64.50
|
64.49
|
64.49
|
64.49
|
64.49
|
64.50
|
|
EPS
|
2.18
|
2.04
|
1.99
|
2.24
|
2.75
|
8.45
|
|
CEPS
|
2.39
|
2.30
|
2.20
|
2.42
|
2.94
|
9.30
|
|
OPM%
|
20.54
|
16.36
|
16.65
|
15.78
|
27.29
|
17.15
|
|
NPM%
|
14.19
|
11.05
|
11.20
|
10.68
|
20.78
|
11.65
|
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