Page 17 - Marico

Marico's high volume growth, margins may not sustain

Double-digit volume growth in its flagship coconut oil (Parachute Rigid) segment as well as in value-added hair oils (VAHO) helped Marico's domestic business volumes grow by a strong 10 per cent in the March 2017 quarter (Q4). Not only was this number higher than street expectations of 6-7 per cent volume growth, it also bounced back from a decline of 4 per cent seen in Q3 thanks to demonetisation. A key factor driving volumes was the delay in implementing price hikes post rise in costs of its key input- Copra. This fuelled market share gains for Marico in the hair oils category. Its edible oil business - housed under the Saffola brand, too, continued to post healthy volume growth of 6 per cent despite a high volume growth of 10 per cent in the base quarter ending March 2016.The strong show in India business was offset partly by weak international revenues, which fell 8 per cent on the back of macro-economic headwinds in Middle East and North Africa or MENA region. As a result, ...

Marico Q4 net profit up 25.5% at Rs 170.91 cr

Marico's consolidated net sales during the quarter under review stood at Rs 1,315.17 crore

Marico buys 45% stake in Zed Lifestyle

The equity stake shall be acquired over two years through primary infusion and secondary buy outs

Marico: Parachute volumes to recover?

Q2 was a disappointment, but falling competition amid rising input costs could raise market share

Marico Q1 net jumps 17% to Rs 267 cr

EBITDA grows 18% to RS 374 cr

Marico Q1 net profit up 17% at Rs 268 cr

Stock of Marico ended 0.10 per cent up at Rs 295.20 on BSE

ASCI upholds Marico's complaint against rival over 'misleading' ads

Now all the ads of Athena Life Sciences that manufactures Hair for Sure will be modified

Marico plans Rs 10,000-crore annual turnover in 4 years

Marico's consolidated financial year 2015-16 (FY16) revenues were Rs 6,122.3 crore. It crossed Rs 5,000 crore in consolidated revenues in FY15

Marico net profit increases 26% to Rs 138 cr in March quarter

Parachute clocked a 6% volume growth for the quarter led by price reductions

Marico declares 3rd interim dividend of Rs 1 per equity share

Company has approved declaration of the third interim dividend of Re 1 per equity share of Rs 1

Marico, Pidilite Industries hit lifetime high

Post Q3FY16, Marico (up 9%) and Pidilite Ind (up 14%) have outperformed the market as compared to 4% fall in the Sensex since February 1, 2016.