Marico Limited , one of India's leading FMCG companies, has reported robust financial results for the first quarter, demonstrating strong growth across key metrics.

Revenue and Profit Growth

The company recorded a consolidated revenue from operations of Rs. 3,259.00 crore for Q1, marking a significant 19.4% year-on-year increase from Rs. 2,730.00 crore in the same quarter last year.

Marico's consolidated Profit After Tax (PAT) attributable to owners rose by 46.9% to Rs. 504.00 crore, compared to Rs. 343.00 crore in the same quarter last year. The Profit Before Tax (PBT) grew by 48.8% to Rs. 656.00 crore from Rs. 441.00 crore in the corresponding quarter.

Financial Highlights

Board Approval and Publication

The Board of Directors approved these results on August 4. The financial results were subsequently published in newspapers including Financial Express, Free Press Journal, and Navshakti on August 5.

Conclusion

Marico's strong financial results indicate a positive trajectory for the company. The significant growth in revenue and profitability metrics suggests that Marico's strategic initiatives and market positioning continue to yield favorable outcomes.

Investors and stakeholders may look forward to more detailed insights into segment performances, strategic initiatives, and future outlook in the company's full quarterly report or during investor presentations.

Marico Limited , one of India's leading consumer products companies, has reported robust financial results for the first quarter. The company demonstrated significant growth across key metrics, with consolidated revenue reaching multi-quarter highs.

Financial Highlights

• Consolidated revenue from operations increased by 23% year-on-year to ₹3,259.00 crore.
• India business revenue grew by 27% to ₹2,495.00 crore.
• International business delivered a 19% constant currency growth.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose by 5% to ₹655.00 crore.
• Profit After Tax (PAT) increased by 9% to ₹504.00 crore.

Segment Performance

India Business

The India business continued its positive momentum, posting a 9% underlying volume growth. Key highlights include:

• Parachute Rigids registered a 1% volume decline, but showed resilience with 31% revenue growth amid unprecedented input cost inflation.
• Value-Added Hair Oils grew by 13% in value terms, gaining approximately 140 basis points in value market share.
• Saffola Edible Oils posted mid-single digit volume growth and 28% revenue growth.
• Foods portfolio recorded about 20% value growth year-on-year.
• Premium Personal Care sustained its accelerated growth trajectory, led by the Digital-first portfolio.

International Business

The international business maintained its robust double-digit constant currency growth momentum:

• Bangladesh posted 17% constant currency growth (CCG).
• MENA (Middle East and North Africa) delivered an impressive 42% CCG.
• Vietnam had a muted quarter but is expected to recover gradually.
• South Africa recorded flat growth in constant currency terms.

Strategic Initiatives and Outlook

Marico has outlined aggressive growth targets for the coming years:

• The company aims to reach ₹20,000.00 crore in revenue over the next 5 years.
• Marico is targeting around 25% revenue growth and high single-digit volume growth as a base case.
• The digital-first portfolio is expected to achieve 2.5x of Annual Recurring Revenue (ARR) by maintaining double-digit EBITDA margins.
• Foods portfolio is projected to grow at a 25%+ CAGR to reach about 8x of revenues.

Marico is focusing on expanding its premium and urban-centric portfolios through organized retail and e-commerce channels. The company is also implementing Project SETU to drive growth in General Trade through transformative expansion in direct reach.

Management Commentary

Saugata Gupta, MD & CEO of Marico, commented on the results: "The new fiscal has begun on a promising note for both our India and international businesses, with growth trends moving in a positive direction. The improving trajectory of our core portfolios, coupled with accelerated growth in foods and digital-first portfolio, have driven underlying volume growth in the India business closer to double digits."

He added, "Despite sharp inflationary headwinds in key commodities in the near term, we expect to maintain strong volume and revenue momentum, along with a resilient earnings performance, over the course of the full year."

Marico remains confident in its ability to deliver consistent and competitive growth in the medium term by executing a more focused and channel-specific portfolio and SKU strategy. The company expects to sustain positive volume and revenue growth momentum while driving resilient profit growth amidst heightened input cost pressures.