Marico net profit rises 31 per cent in September quarter
The company reported a 27 per cent growth in consolidated Ebitda, marking its fastest growth in 50 quarters, according to Mint.
Marico reported a 31 per cent rise in net profit to ₹ 550 crore for the September quarter (Q2FY27), according to a Mint report. Consolidated revenue grew 13 per cent year-on-year during the same period.
The company's consolidated Ebitda grew 27 per cent year-on-year, which Marico stated is its fastest growth in 50 quarters. The Ebitda margin expanded 200 basis points to 18.2 per cent, benefiting from softening copra prices.
In India, underlying volume growth stood at 10 per cent and revenue growth was 9 per cent. Parachute delivered 13 per cent volume growth, while the foods business grew 45 per cent, crossing an annualized revenue run-rate of ₹ 1,500 crore.
International revenue grew 23 per cent in rupee terms, with Vietnam growing 22 per cent and the Middle East and North Africa growing 15 per cent. Bangladesh saw 5 per cent growth amid inflation and demand issues.
Advertising and promotion expenses increased 44 per cent to ₹ 451 crore, or 11.6 per cent of sales. Marico has pushed its Ebitda growth guidance up to the mid-twenties from the high-teens.
The management expressed hope of achieving its FY30 revenue target of ₹ 20,000 crore in FY29 if current momentum is sustained.