Marico's PAT jumps 3% y-o-y to Rs377 crore in Q1FY23; stock adds ~1%

8 Aug 2022 , 09:52 AM

FMCG player Marico Limited announced its results for the quarter ended June 30, 2022.

The company posted a 3% yoy jump in its Profit After Tax at Rs377 crore in Q1FY23, as compared to Rs365 crore in the previous corresponding quarter.

It witnessed a marginal 1.3% upside in Revenue for Q1FY23 at Rs2,558 crore as compared to Rs2,525 crore in Q1FY22.

Marico witnessed a decline in expenses from Rs2,085 crore in Q1FY22 to Rs2,076 crore in Q1FY23.

The company further stated that revenue from the domestic market dropped 3.56% to Rs1,921 crore as compared to Rs1,992 crore in the previous corresponding quarter.

However, the company posted a 19.51% yoy jump in its international sales at Rs637 crore in the quarter ended June 30, 2022, as compared to Rs533 crore in the previous corresponding quarter.

At around 9.55 AM, Marico Ltd was trading at Rs523.90 up by 0.84% from its previous closing of Rs519.55 on the BSE. The scrip opened at Rs525 and has touched intraday high and low of Rs527.70 and Rs521.20 respectively.