On Friday, January 28, Marico Ltd announced its Q3 results. Marico’s revenue from international sales rose 19.19 per cent to Rs 590 crore, compared with Rs 495 a year. The firm reported a marginal gain of 1.6 per cent in its consolidated net profit to Rs 317 crore for the third quarter ended December 2021 against Rs 312 crore in the previous quarter a year ago.
Marico’s total expenses in the December 2021 quarter stood at Rs 2,022 crore, up 15.4 per cent as against Rs 1,752 crore a year ago.
Revenue from the domestic market jumped 11.68 per cent to Rs 1,817 crore as against Rs 1,627 crore a year ago.
Its revenue from operations during October-December 2021 jumped 13.43 per cent to Rs 2,407 crore, compared with Rs 2,122 crore in the year-ago period.
“Marico’s Q3 operating numbers seems to be extending Q2 trend with edible oil on declining trend due to high inflation & foods business continue to grow at more than 20 per cent. We continue to maintain our positive stance in view on the normalisation of inflationary trend in the long run and strong growth in foods, digital-only brands,” brokerage ICICI Securities said in a note.
It recorded a turnover of Rs 80.5 billion through its products sold in India and picked markets in Asia and Africa in the 2020-21 period. The company’s portfolio includes top brands such as Parachute, Saffola, Saffola FITTIFY Gourmet, Saffola ImmuniVeda, Saffola Mealmaker, Hair & Care, Parachute Advanced, Nihar Naturals, Medsker, Kaya Youth O2, Coco Soul, Revive, Set Wet, Livon, and Beardo.