Categories AlphaGraphs, Analysis, Retail

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.

Most Popular

Cochin Shipyard Ltd (COCHINSHIP) Q4 FY22 Earnings Concall Transcript

Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah

All you need to know about Antony Waste Handling Cell in one article

Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?

Demystifying the Leading Non-Ferrous Recycling Company of India

“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,