Marico gains after decent Q1 performance

8 Aug 2022 , 09:45 AM

While revenue from the India business declined by 3.6% to Rs 1,921 crore, the International business revenue improved by 19.5% to Rs 637 crore in Q1 FY23. Total expenses fell by 0.4% YoY to Rs 2,076 crore in the first quarter, primarily due to some cool off in raw material prices (down 14.7% YoY). Advertisement and sales promotion expenditure for the period under review was Rs 199 crore (up 13.7% YoY). Profit before tax in Q1 FY23 stood at Rs 499 crore, up 6.9% from Rs 467 crore in Q1 FY22. Tax outgo during the quarter was Rs 122 crore (up 19.6% YoY). Marico is one of Indias leading consumer products companies in the global beauty and wellness space. Its portfolio includes brands such as Parachute, Saffola, Saffola FITTIFY Gourmet, Saffola ImmuniVeda, Saffola Mealmaker, Hair & Care, Parachute Advansed, Nihar Naturals, Mediker, Coco Soul, Revive, Set Wet, Livon and Beardo. Powered by Capital Market – Live News