Marico Ltd.(NSE: MARICO)|Q3 FY23 Results Out|Total Income rises 3% yoy

Marico Limited (NSE: MARICO) is an Indian consumer goods company that provides health and wellness products. Its portfolio includes popular brands such as Parachute, Saffola, Hair & Care, and Nihar. The company operates in India and international markets and is headquartered in Mumbai. Marico is committed to delivering high-quality products and has a strong focus on innovation and sustainability.

Marico Limited reported its financial results for a recent quarter. The revenue from operations grew by 3% YoY to Rs 2,470 crores, with an underlying volume growth of 4% in the domestic market and a constant currency growth of 8% in the international market. The gross margin expanded 123 bps YoY and 131 bps sequentially, while advertising and promotion expenses were up 3% sequentially. The EBITDA margin stood at 18.5%, a 55 bps YoY increase and a 111 bps sequential increase, resulting in a 6% YoY increase in EBITDA. The profit before tax grew 9% due to higher other income, and the net profit after tax was up 6% YoY due to a higher effective tax rate.