Marico Ltd Q4 PAT up 13.22% at Rs257cr on better management of costs in the quarter

6 May 2022 , 07:45 PM

Marico Ltd reported 7.41% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs2,161cr. On a sequential basis, revenues were lower for the quarter by -10.22%.

For the full year FY22, the revenues were higher by 18.2% at Rs9,512cr. During the quarter, the India sales were up 5.1% at Rs1,654cr while the international sales were up 15.8% at Rs508cr on yoy basis.

During the quarter, the company has also made a provision of Rs.8 crore towards doubtful debts as part of the other expenses header.

The consolidated net profit for Q4 was up 13.22% at Rs257cr while it was up down a sequential basis by -18.93%.

The profit growth yoy also came from a Rs18cr exceptional loss in Mar-21 quarter on account of goodwill impairment on consolidation of investment in South Africa.

Sequential fall in revenues was on account of sharp fall in rural sales amidst higher rural inflation and demand stress. Net margins stood at 11.89% in Mar-22 quarter compared to 11.28% in Mar-21. NPM was lower sequentially compared to 13.17% in Q3.

Financial highlights for Mar-22 compared yoy and sequentially

	Marico Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 2,161.00	₹ 2,012.00	7.41%	₹ 2,407.00	-10.22%
Net Profit (Rs cr)	₹ 257.00	₹ 227.00	13.22%	₹ 317.00	-18.93%
Diluted EPS (Rs)	₹ 1.95	₹ 1.70		₹ 2.40
Net Margins	11.89%	11.28%		13.17%