Marico has surged 5% to Rs 213 after reporting a healthy 32% year-on-year (yoy) jump in consolidated operating profit at Rs 154 crore for the quarter ended March 31, 2014 (Q4).
The operating profit margin (OPM) increased by 228 basis points y-o-y to 14.2% despite the steep increase in copra prices due to reduction in employee, advertisement and other expenses.
The company’s consolidated operational income rose by 17% yoy to Rs 1,072 crore aided by recovery in both its India and International businesses.
Marico said the business has shown steady recovery in volume growths with sustained improvements in market shares. In India, due to the weak demand environment, the growth rates of various segments have come down.
“The demerger of Kaya business contributed substantially to the reduction in expenses. The company’s bottom-line increased by 75% yoy to Rs 89 crore, due to a 27.8% yoy increase in operating profit, higher other income and lower interest costs,” analyst at Angel Broking said in a client note.
The stock opened at Rs 207 and touched a high of Rs 212 on the NSE. A combined around 235,000 shares changed hands on the counter so far on the NSE and BSE.
The operating profit margin (OPM) increased by 228 basis points y-o-y to 14.2% despite the steep increase in copra prices due to reduction in employee, advertisement and other expenses.
The company’s consolidated operational income rose by 17% yoy to Rs 1,072 crore aided by recovery in both its India and International businesses.
Marico said the business has shown steady recovery in volume growths with sustained improvements in market shares. In India, due to the weak demand environment, the growth rates of various segments have come down.
“The demerger of Kaya business contributed substantially to the reduction in expenses. The company’s bottom-line increased by 75% yoy to Rs 89 crore, due to a 27.8% yoy increase in operating profit, higher other income and lower interest costs,” analyst at Angel Broking said in a client note.
The stock opened at Rs 207 and touched a high of Rs 212 on the NSE. A combined around 235,000 shares changed hands on the counter so far on the NSE and BSE.
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