MARICO LTD. - 531642 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to provisions of Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform you that the Management of the Company is participating in the UBS India Virtual Consumer Corporate Day today i.e. on August 18, 2022. Kindly take the same on record. MARICO LTD. - 531642 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, copy of transcript of the earnings conference call held on Monday, August 8, 2022 on the un-audited financial results and operations of the Company for the quarter ended June 30, 2022, is enclosed.
Marico: Margin in better shape than its volumes
Marico's domestic volume fell in Q1, but consolidated margin rose helped by fall in copra prices.Price correction in Parachute coconut oil and Saffola oil to drive near-term volume growth MARICO LTD. - 531642 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
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, August 8, 2022 on the un-audited financial results and operations of the Company for the quarter ended June 30, 2022, is available on the Company's website as enclosed. This is for your information and records.
Results Earnings Call for Q1FY23 of Marico Ltd.
Conference Call with Marico Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript. MARICO LTD. - 531642 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 of the SEBI Listing Regulations, please find enclosed a newspaper extract of the un-audited consolidated financial results of the Company for the quarter ended June 30, 2022, approved by the Board of Directors at its meeting held on August 6, 2022 and published in Financial Express and the Free Press Journal (English Daily) and Navshakti (Marathi Daily) on August 7, 2022. Kindly take the above on record. Q1FY23 Quarterly Result Announced for Marico Ltd.
Marico Announced Q1FY23 Result : In Q1FY23, Revenue from Operations grew by 1% YoY to Rs2,558 crores. The domestic business had a soft quarter amidst a challenging consumption environment coupled with category specific headwinds in Saffola Edible Oils. In contrast, the international business posted another stellar quarter, making it the sixth consecutive quarter of double-digit constant currency growth. In India, the FMCG sector witnessed volume decline in Q1FY23 for the third quarter in a row and value growth continued to be price-led. Rising retail inflation continued to exert pressure on demand as consumers appeared to exercise restraint in non-essential categories, while downtrading and downgrading in essential categories. Rural continued to underperform urban on a year-on year basis due to the accentuated impact of inflation on disposable incomes. On the other hand, premium discretionary categories fared relatively better given the lower base and lesser impact of inflation on the upper income consumer segment. Domestic volumes declined by 6% YoY, dragged by a double-digit decline in Saffola Oils. Ex-Saffola Oils, domestic volume growth was 1%. Domestic revenues at Rs1921 Crore was down 4%, with overall pricing growth being minimal as price hikes in Hair Oils and Saffola Oils were largely offset by price cuts in Parachute Coconut Oil, owing to deflationary copra. The inherent strength of our brands, focused execution and brand building investments translated into 96% of the portfolio gaining market share and 93% of the portfolio sustaining penetration, both on a MAT basis. In volume terms, GT declined in high single digits. Decline in urban exceeded that of rural due to higher salience of Saffola Oils. However, the 2 and 3 year CAGR in rural remained ahead of urban in line with industry trends. With mobility rising to normal levels, MT (13% of domestic sales) regained some traction and E-commerce (9% of domestic sales) witnessed moderation. The International business sustained its strong momentum of predictable and profitable growth. The business delivered 18% constant currency growth in the quarter with each market contributing handsomely. Gross margin expanded 401 bps YoY, attributable mainly to benign copra prices, cost rationalizations and favorable mix impact. A&P; spends grew 14% on a year-on-year basis, as the Company maintained investments towards strategic brand building of core and new franchises. EBITDA margin stood at 20.6%, up 159 bps YoY, and EBITDA was up 10% YoY. PAT was up 4% YoY, due to higher effective tax rate (ETR) after the expiration of fiscal benefits in one of the manufacturing units Result PDF MARICO LTD. - 531642 - Information Update For The Quarter Ended June 30, 2022
Please find enclosed the Information Update along with an earnings presentation on the un-audited consolidated financial results of the Company (i.e. Marico Limited and its Subsidiaries) for the quarter ended June 30, 2022. This is for your information and records. MARICO LTD. - 531642 - Information Update for the quarter ended June 30, 2022
Marico Ltd has informed BSE regarding "Information Update for the quarter ended June 30, 2022". Marico reports 3.3% profit
The Parachute Coconut Oil maker reported a profit of 377 crore for the first quarter of fiscal 2023, against a profit of 365 crore the company reported for Q1FY22.