Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 1.7 % in the past year, decrease in net sales/revenue by -5.95 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -77.94 %, Marginal decrease of -65.12% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Marico Limited. Notable increase of 4.92 % in net profit Year to Year, Marico Limited’s profitability dropped by -17.1 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 5.13 % Year to Year. EPS decreased by -17.17 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 2240 Cr | Rs. 2422 Cr | Rs. 2278 Cr | -5.95 % | + 1.7 % |
| Expenses | Rs. 1847 Cr | Rs. 1909 Cr | Rs. 1836 Cr | -3.82 % | -0.6 % |
| Operating Profit | Rs. 393 Cr | Rs. 513 Cr | Rs. 442 Cr | -13.84 % | + 12.47 % |
| OPM % | 17.54 % | 21.18 % | 19.4 % | -1.78 % | + 1.86 % |
| Other Income | Rs. 68 Cr | Rs. 43 Cr | Rs. 15 Cr | -65.12 % | -77.94 % |
| Interest | Rs. 17 Cr | Rs. 19 Cr | Rs. 17 Cr | -10.53 % | + 0 % |
| Depreciation | Rs. 43 Cr | Rs. 42 Cr | Rs. 41 Cr | -2.38 % | -4.65 % |
| Profit before tax | Rs. 401 Cr | Rs. 495 Cr | Rs. 399 Cr | -19.39 % | -0.5 % |
| Tax % | 23.94 % | 22.02 % | 19.8 % | -2.22 % | -4.14 % |
| Net Profit | Rs. 305 Cr | Rs. 386 Cr | Rs. 320 Cr | -17.1 % | + 4.92 % |
| EPS in Rs | Rs. 2.34 | Rs. 2.97 | Rs. 2.46 | -17.17 % | + 5.13 % |
Today, we’re looking at Marico Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 1.7 %. However, it did see a marginal slip of -5.95 % from the previous quarter. Expenses decreased slightly by -3.82 % quarter-on-quarter, aligning with the annual decline of -0.6 %. Operating profit, while up 12.47 % compared to last year, faced a quarter-on-quarter dip of -13.84 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.86 %, but a shrinkage of -1.78 % sequentially. Other income fell by -65.12 % compared to the last quarter, despite an annual decline of -77.94 %. Interest expenses dropped significantly by -10.53 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs fell by -2.38 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -4.65 %. Profit before tax declined annually by -0.5 % but saw a reduction from the preceding quarter by -19.39 %.
Tax expenses as a percentage of profits decreased slightly by -4.14 % compared to last year, with a more notable quarter-on-quarter decrease of -2.22 %. Net profit rose by 4.92 % year-on-year but witnessed a -17.1 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 5.13 % but a quarterly fall of -17.17 %. In summary, Marico Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 2240 Cr | Rs. 2422 Cr | Rs. 2278 Cr | -5.95 % | + 1.7 % |
| Expenses | Rs. 1847 Cr | Rs. 1909 Cr | Rs. 1836 Cr | -3.82 % | -0.6 % |
| Operating Profit | Rs. 393 Cr | Rs. 513 Cr | Rs. 442 Cr | -13.84 % | + 12.47 % |
| Net Profit | Rs. 305 Cr | Rs. 386 Cr | Rs. 320 Cr | -17.1 % | + 4.92 % |
| EPS in Rs | Rs. 2.34 | Rs. 2.97 | Rs. 2.46 | -17.17 % | + 5.13 % |
In reviewing Marico Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.7 % year-on-year growth, although there was a slight dip of -5.95 % from the previous quarter. Expenses decreased by -0.6 % compared to the previous year, with a decrease of -3.82 % quarter-on-quarter. Operating Profit surged by 12.47 % annually, and saw a -13.84 % decrease from the last quarter.
Net Profit showed yearly increase of 4.92 %, and experienced a -17.1 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 5.13 % annually, however dipped by -17.17 % compared to the last quarter. In essence, while Marico Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
