One of the top consumer products firms in India, Marico Limited specializes in the worldwide beauty and wellness industries. It is available in more than 25 nations in emerging markets in Asia and Africa. It cultivates top brands in the hair care, skin care, edible oil, healthy food, men’s grooming, and fabric care industries.
Financial Results:
A major player in the FMCG industry, Marico reported a 5% increase in its net profit to INR 333 crore during the third quarter ending December 2022. This stands in comparison to the net profit of INR 317 crore reported in the previous year’s period.
In comparison to the corresponding quarter of the previous fiscal, the revenue from operations increased by 2.6% to INR 2,470 crore. As compared to INR 431 crore in the year-ago period, the EBITDA for the quarter under review came in at INR 456 crore.
There was a 4 percent growth in the underlying domestic volume in Q3. Marico reported a 2% YoY increase in its domestic revenues which stood at INR 1851 crore.