Marico Q4 Results: Volume growth steady, margins under pressure

Marico Q4 Results: Volume growth steady, margins under pressure


Shares of Marico Ltd. were trading about 2% lower on Tuesday, May 5, after the company reported a mixed set of March quarter results.

Domestic volume growth came in at 9%, in line with the upper end of the CNBC-TV18 poll estimate of 8-9%.

Net profit rose 13% year-on-year to ₹391 crore from ₹345 crore, slightly ahead of the poll estimate of ₹386 crore. Revenue increased 22% YoY to ₹3,333 crore, compared to ₹2,730 crore last year, also marginally above the poll expectation of ₹3,325 crore.

EBITDA grew 14% YoY to ₹521 crore from ₹458 crore. However, EBITDA margin contracted to 15.6% from 16.8% a year ago, coming in below the CNBC-TV18 poll estimate of 15.8%.

On the outlook, the company said its India business sustained high single-digit underlying volume growth in Q4 and expressed confidence in maintaining similar momentum in FY27.

Marico expects to deliver healthy volume-led revenue growth, targeting double-digit topline expansion to cross ₹15,000 crore in FY27, along with high-teen EBITDA growth.

The company also recommended a final equity dividend for the financial year 2025-26 of ₹4. The record date for the same has been fixed as July 30, 2026. The dividend, if approved by shareholders will be paid on or before
September 5.



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