Marico Q4 Results: India volume grow higher than expected but margins narrow; dividend declared
Published on 02/05/2025 03:49 PM
Marico Q4 Results: India volume grow higher than expected but margins narrow; dividend declaredMarico's board has approved an interim dividend of ₹7 per share, subject to approval from shareholders at the 37th Annual General Meeting (AGM) of the company.By Hormaz Fatakia May 2, 2025, 3:49:37 PM IST (Updated)2 Min ReadFMCG major Marico Ltd. reported results for the March quarter after market closing hours on Friday, April 2, which were mixed in comparison to estimates. The company reported a volume growth of 7% for the January-March quarter, which is higher than expectations of a 5% to 6% growth from last year.
Marico reported revenue growth of 19.8% from the same quarter last year to ₹2,730 crore. The figure was marginally higher than the CNBC-TV18 poll of ₹2,665 crore.
Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 3.6% on a year-on-year basis to ₹458 crore, which was in-line with expectations of ₹460 crore.
EBITDA margin for the quarter narrowed over 250 basis points to 16.8% from 19.4% in the year-ago quarter. A CNBC-TV18 poll had projected the margin figure to be at 17.4%.
In its business updates shared earlier this month, Marico said its consolidated revenue grew in the high-teens on a year-on-year basis, as steady growth trends across key segments was supplemented by incremental pricing interventions in the domestic business.
Marico experienced stable demand trends amidst the improving trajectory in rural and mixed trends across mass and premium urban segments. The company expects gradual improvement in overall consumption sentiment on the back of moderating retail and food inflation as well as forecasts of a normal monsoon.
You can about the business update and its commentary for various businesses right here.
Marico's board has approved an interim dividend of ₹7 per share, subject to approval from shareholders at the 37th Annual General Meeting (AGM) of the company.
Shares of Marico ended 1.7% lower on Friday at ₹698.5 ahead of the earnings announcement.Continue ReadingFirst Published: May 2, 2025 3:45 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsMarico earningsMarico Q4Marico sharesshare market today