Marico posts Q4 Results; Lower raw material costs support the numbers
Bhagyashree Vivarekar / 03 May 2016
Marico, the maker of Parachute hair oil and Saffola edible oil, has been outperforming its peers since last three months; also overcoming the competition from small players like Patanjali. Marico has hit its 52 week high despite of the fall in its QoQ numbers.
Marico, the maker of Parachute hair oil and Saffola edible oil, has been outperforming its FMCG peers since last three months; also overcoming the competition from small players like Patanjali. Marico has hit its 52 week high despite of the fall in its QoQ numbers.
Company’s consolidated Total Income from Operations have come in at Rs 1307.03 crores in this quarter as against Rs 1556.42 crores in Q3FY16, a decrease of 16 per cent. Company’s EBITDA has come in at Rs. 216.6 crores as against Rs. 293.84 crores, a decrease of 26.3 per cent. Company has witnessed a drop in inventories and cost of raw materials. However, depreciation and purchase cost of traded goods has increased.
Company’s Net Profit stands at Rs 138.44 crore in Q4FY16 as compared to Rs 197.81 crore in the last quarter i.e. a decrease of 30 per cent. Consolidated EPS has come in at 1.07 as against 1.53 in the last quarter.
The Year on Year (YOY) results show that, Company’s consolidated Total Income from Operations has risen by 6.6 per cent, which was Rs 1226.25 crores in the same quarter last year. EBITDA of company has risen by 26.5 per cent from Rs 171.27 crore YOY. Net profit (PAT) too has witnessed an increase of 25.8 per cent from Rs 110.04 crore.
On a yearly basis, Company’s consolidated Total Income from Operations has increased by 7 per cent to Rs. 6132.05 crores for the year ended March 2016 as compared to Rs 5732.98 crores for FY15. EBITDA has surged at Rs. 1062.48 crores for FY16 as compared to Rs 870.08 crores in FY15, an increase of 22.1 per cent. Net profit too has grown from Rs 573.46 crore in FY15 to Rs 724.79 crore in FY16, an increase of 26.4 per cent.
Stock has hit its 52 week high yesterday at Rs 268.7 and closed at 267.4 levels i.e. an increase of 3.2 per cent.
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