Marico Ltd Q4 net profit rises 18 percent to Rs 305 crore

By

Maverick Martins

Published
May 5, 2023

FMCG major Marico Ltd witnessed a 18 percent rise in net profit to Rs 305 crore ($37.3 million) for the fourth quarter ended March 2023, as against Rs 257 crore in the year-ago period.

The company’s revenue from operations grew by 4 percent year-on-year to Rs 2,240 crore.

Commenting on the results, Saugata Gupta, managing director CEO in a statement said, “FY23 ended on a reassuring note with improving trends across all performance parameters, accompanied by indications of a gradual sectoral recovery. The domestic business delivered a far more broad-based growth with visibly positive results in the portfolio diversification journey, while the international business continued to reinforce its underlying strength amidst a challenging operating environment.”

“As we move into next year, we expect the pace of growth in volumes, revenues and earnings to move in the right direction, aided by an evolving portfolio of entrenched and budding franchises, distribution expansion and adequate investments in market development and brand building,” he added.

Mumbai-based Marico Ltd is one of India's leading consumer products companies with a strong presence in the beauty and personal care segment.