{"id":135641,"date":"2022-11-04T09:11:40","date_gmt":"2022-11-04T13:11:40","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135641"},"modified":"2022-11-04T09:11:41","modified_gmt":"2022-11-04T13:11:41","slug":"marico-ltd-reported-a-3-decline-in-its-q2fy23-net-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/marico-ltd-reported-a-3-decline-in-its-q2fy23-net-profits\/","title":{"rendered":"Marico Ltd reported a 3% decline in its Q2FY23 net profits"},"content":{"rendered":"\n<p>On Friday, Homegrown FMCG major Marico reported a 2.8 percent year-on-year (YoY) drop in net profit at INR 301 crore for the second quarter that ended September 30, 2022 while in the corresponding quarter last year, the company posted a net profit of INR 316 crores. <\/p>\n\n\n\n<p>The revenue from operations stood at INR 2,496 crore during the period under review, up 3.2 percent against INR 2,419 crore in the corresponding period of the preceding fiscal, with underlying volume growth of 3 percent in the domestic business and constant currency growth of 11 percent in the international business. At the operating level, EBITDA jumped 2.4 percent to INR 433 crore in the second quarter of this fiscal over INR 423 crore in the corresponding period in the previous fiscal. The EBITDA margin stood at 17.4 percent in the reporting quarter compared to 17.5 percent in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation and amortization.<\/p>\n\n\n\n<p>After a tepid Q1, the company recovered to post reasonable growth in domestic volumes on the back of healthier traction among urban and premium discretionary portfolios. On a three-year CAGR basis, quarterly domestic volume growth stood at a healthy 7 percent. Domestic revenues stood at INR 1,896 crore, up 1 percent YoY, as price hikes in hair oils and premium personal care portfolios were more than offset by price cuts in Parachute coconut oil and Saffola oils. <\/p>\n\n\n\n<p>The FMCG player that owns iconic brands like Parachute and Saffola, said in India, as retail inflation held firm, the FMCG sector witnessed a volume decline for the fourth quarter in a row, with growth led by pricing.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"836\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/f349ecf9-1573-4981-a189-806fac46d794-836x1024.png\" alt=\"\" class=\"wp-image-135645\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/f349ecf9-1573-4981-a189-806fac46d794-836x1024.png 836w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/f349ecf9-1573-4981-a189-806fac46d794-245x300.png 245w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/f349ecf9-1573-4981-a189-806fac46d794-768x941.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/f349ecf9-1573-4981-a189-806fac46d794-1253x1536.png 1253w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/f349ecf9-1573-4981-a189-806fac46d794-1671x2048.png 1671w\" sizes=\"auto, (max-width: 836px) 100vw, 836px\" \/><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, Homegrown FMCG major Marico reported a 2.8 percent year-on-year (YoY) drop in net profit at INR 301 crore for the second quarter that ended September 30, 2022 while in the corresponding quarter last year, the company posted a net profit of INR 316 crores. The revenue from operations stood at INR 2,496 crore [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":49407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,6351,392],"tags":[9723,10553,10552],"class_list":["post-135641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-consumer-stocks","category-earnings","tag-fmcg","tag-parachute","tag-saffola"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":140789,"url":"https:\/\/alphastreet.com\/india\/marico-limited-q3fy23-earnings-summary\/","url_meta":{"origin":135641,"position":0},"title":"Marico Limited Q3FY23 Earnings Summary","author":"Karan_Singh","date":"February 9, 2023","format":false,"excerpt":"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,\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/05\/Consumer.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/05\/Consumer.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/05\/Consumer.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/05\/Consumer.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":142580,"url":"https:\/\/alphastreet.com\/india\/uno-minda-reported-a-47-percent-spike-in-its-net-profit-in-q3fy23\/","url_meta":{"origin":135641,"position":1},"title":"Uno Minda reported a 47 percent spike in its net profit in Q3FY23","author":"Chirag Gupta","date":"February 23, 2023","format":false,"excerpt":"Auto components maker Uno Minda reported 47.21 per cent rise in consolidated net profit at INR 173.95 crore for the third quarter ended December 31, 2022. The company had logged a net profit of INR 118.16 crore in the same quarter last fiscal year, Uno Minda said in a regulatory\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":143055,"url":"https:\/\/alphastreet.com\/india\/sun-tv-network-q3fy23-net-profit-drops-by-10-percent\/","url_meta":{"origin":135641,"position":2},"title":"Sun TV Network Q3FY23 net profit drops by 10 percent","author":"Chirag Gupta","date":"March 1, 2023","format":false,"excerpt":"Sun TV Network Limited announced its earnings for the quarter ended 31st December 2022. The revenue (excl. IPL & Movies) was INR 810.51 crore for the quarter ended 31st December\u20192022 as against INR 829.57 crore for the corresponding quarter ended 31st December\u20192021. The overall revenue was at INR 857.51 crores\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":142317,"url":"https:\/\/alphastreet.com\/india\/torrent-power-reported-a-88-percent-jump-in-q3fy23-net-profit\/","url_meta":{"origin":135641,"position":3},"title":"Torrent Power reported a 88 percent jump in Q3FY23 net profit","author":"Chirag Gupta","date":"February 21, 2023","format":false,"excerpt":"Torrent Power Ltd on Tuesday reported an 88% jump in net profit at INR 694.5 crore for the third quarter that ended December 31, 2022. Net profit for the year-ago period was INR 369.4 crore. During the quarter, total revenue stood at INR 6,442.8 crore, up 71 per cent against\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":135870,"url":"https:\/\/alphastreet.com\/india\/godrej-consumer-reports-a-25-decline-in-its-net-profit-due-to-rising-input-costs\/","url_meta":{"origin":135641,"position":4},"title":"Godrej Consumer reports a 25% decline in its net profit due to rising input costs","author":"Chirag Gupta","date":"November 8, 2022","format":false,"excerpt":"Godrej Consumer Products reported a net profit of INR 358.9 crore for the July-September period \u2014 down 25 percent compared with the corresponding quarter a year ago. The FMCG giant's profitability was marred by elevated levels of inflation, as high input costs continued to eat into its margin. FMCG companies\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":143078,"url":"https:\/\/alphastreet.com\/india\/laurus-labs-q3fy23-net-profit-rises-by-32-percent\/","url_meta":{"origin":135641,"position":5},"title":"Laurus Labs Q3FY23 net profit rises by 32 percent","author":"Chirag Gupta","date":"March 1, 2023","format":false,"excerpt":"Pharmaceutical and biotechnology company Laurus Labs reported 32% year-on-year (YoY) rise in profit after tax to INR 203 crore for the quarter ended December 31, 2022. The company had reported a net profit of INR 155 crore in the same quarter, previous fiscal year. The company's consolidated revenue from operations\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=135641"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/49407"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=135641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=135641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=135641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}