Q4FY19: Marico PAT jumps 18 per cent
Marico reported a consolidated net profit of Rs. 213 crore for the quarter ended March 2019 as against a net profit of Rs. 183 crore in the corresponding period last year.
The company’s revenue from operations stood at Rs. 1,609 crore for the quarter ended March 2019 as compared with Rs. 1,503 crore in the same period last year. The company's EBITDA remained subdued mainly on account of higher investments for advertising and promotions.
The company reported 8 per cent domestic volume growth with the highest gross margin in 8 quarters. In the coming quarters, copra prices are expected to remain subdued. The company’s growth was driven by Saffola and healthy margin expansion. Saffola edible oils volume increased by 18 per cent in Q4, as compared to 2 per cent in the preceding quarter. This was on account of focused marketing initiatives and tactical pricing inputs.
The company’s flagship product Parachute Rigids posted a 6 per cent volume growth as against 9 per cent volume growth in the previous quarter.
On Tuesday, Marico was trading at Rs. 366 per share, up 7.41 per cent on the BSE.