MARICO LTD. - 531642 - Clarification sought from Marico Ltd
The Exchange has sought clarification from Marico Ltd on May 8, 2024, with reference to Movement in Volume. The reply is awaited.08-05-2024
08-05-2024
Marico eyes double-digit revenue growth in FY25
Marico aims to 2x scale of foods business in FY27. Takes 6% price increase in Parachute Rigids The company aims to expand its food business, targeting a growth rate of over 20 per cent CAGR and scaling it to twice its current size by FY2707-05-2024
MARICO LTD. - 531642 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the newspaper extract of the audited consolidated financial results of the Company for the quarter and financial year ended March 31, 2024, approved by the Board of Directors at its meeting held on May 6, 2024 and published in the Financial Express, Free Press Journal (English Daily) and Navshakti (Marathi Daily) today i.e. on May 7, 2024. The same is being made available on the website of the Company.07-05-2024
Marico on course to deliver double-digit constant currency growth in international business: Saugata Gupta
Marico CEO discusses market share dynamics, rural recovery, deflation impact, and strategy focusing on premium segments. The company targets double-digit revenue growth, digital business expansion, and sustainable scale-up of Beardo and Plix portfolios. Gupta says: "We expect the digital business also to get into at least a double-digit EBITDA by FY27 with a 2x times growth and we believe that this business will contribute to, which is now 20%, over the next three years will be 25% of our overall portfolio in India."07-05-2024
MARICO LTD. - 531642 - Audio Recording Of Earnings Conference Call Held On Monday, May 6, 2024 On The Audited Financial Results And Operations Of The Company For The Quarter And Financial Year Ended March 31, 2024
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the earnings conference call held on Monday, May 6, 2024 on the audited financial results and operations of the Company for the quarter and financial year ended March 31, 2024, is available on the Company''s website. Further the transcript of the aforesaid conference call will be intimated to the stock exchanges subsequently and published on the Company''s website.06-05-2024
Marico Results Earnings Call for Q4FY24
Conference Call with Marico Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.06-05-2024
Q4FY24 Quarterly Result Announced for Marico Ltd.
Personal products company Marico announced Q4FY24 results: Financial Highlights: In Q4FY24, Revenue from Operations was at Rs 2,278 crore, up 2% YoY, with underlying volume growth of 3% in the domestic business and constant currency growth of 10% in the international business. Domestic revenue was flattish at Rs 1,680 crore, as pricing corrections in key portfolios anniversarized to a larger extent on a sequential basis. Gross margin expanded by 420 bps YoY, owing to softer input costs and favourable portfolio mix. A&P; spends was up 8% YoY. EBITDA margin stood at 19.4%, up 186 bps YoY and EBITDA grew by 12%. PAT was up 14%, as the impact of lower Other Income was offset by lower tax charge. Parachute Rigids registered 2% volume growth. Value-Added Hair Oils declined 7% in value terms on a high base (13% growth in Q4FY23) amidst persistent sluggishness in the bottom of the pyramid segment. Saffola Edible Oils registered mid-single digit volume growth. Foods logged 24% value growth YoY, closing the year at ~4x of its scale in FY20. Bangladesh registered 8% CCG (constant currency growth) South-East Asia was flat in CC terms, amidst slower HPC demand in Vietnam. South Africa registered 13% CCG driven by the ethnic hair care segment. NCD and Exports posted 34% growth. Saugata Gupta, MD & CEO, commented, “We have closed FY24 on a promising note, delivering our highest-ever annual operating margin with sequential improvement in both the domestic and international businesses. In the domestic business, we expect a gradually improving growth trajectory in the core categories through ongoing initiatives to enhance GT channel partner profitability and transformative expansion in direct reach via Project SETU, while we aggressively drive the profitable scale up of Foods and Digital-first brands. As the Bangladesh business regained its momentum, the ramp up in the MENA and South Africa businesses has visibly strengthened the growth construct of the International business. We will aim to deliver healthy revenue-led earnings growth in the near and medium term, aided by the positively evolving operating environment.” Result PDF06-05-2024
MARICO LTD. - 531642 - Information Update For The Quarter And Financial Year Ended March 31, 2024
Please find enclosed the Information Update along with an earnings presentation on the audited consolidated financial results of the Company (i.e. Marico Limited and its Subsidiaries) for the quarter and financial year ended March 31, 2024. The same is being made available on the website of the Company. This is for your information and records.06-05-2024
MARICO LTD. - 531642 - Board Meeting Outcome for Outcome Of The Board Meeting Held On May 6, 2024
This is to inform you that the Board of Directors ('Board') of the Company has at its meeting held today i.e. May 6, 2024, inter-alia, approved the audited standalone and consolidated financial results of Marico Limited for the quarter and financial year ended March 31, 2024 ('Financial Results'). The Financial Results and the Statutory Auditor's Reports thereon are enclosed. The Statutory Auditors have issued their Audit Reports on the Financial Results with an unmodified opinion. The Board meeting commenced at 2:30 p.m. and concluded at 3:00 p.m. This intimation is also being made available on the Company's website. Kindly take the above on record and oblige.06-05-2024
MARICO LTD. - 531642 - Audited Standalone And Consolidated Financial Results Of Marico Limited For The Quarter And Financial Year Ended March 31, 2024
Audited Standalone and Consolidated Financial Results of Marico Limited for the quarter and financial year ended March 31, 202406-05-2024