Marico Ltd has posted a 14.07 percent increase in its consolidated net profit at Rs 227 crore for the March 2021 quarter, helped by double-digit volume growth in the domestic market. The FMCG major had reported a net profit of Rs 199 crore in the January-March quarter a year ago.
The Mumbai-based firm’s revenue from operations was up 34.49 percent at Rs 2,012 crore during the quarter under review as against Rs 1,496 crore in the corresponding period of the previous year.
Marico said in a statement, “In Q4 FY21, revenue from operations grew by 34 percent YoY to Rs 2,012 crore (US$ 276 million) backed by robust volume growth of 25 percent in the domestic business and constant currency growth of 23 percent in the international business.”
During the quarter under review, the company’s domestic sales were up 37.35 percent to Rs 1,574 crore as compared to Rs 1,146 crore from a year ago.
“However, operating margin was lower YoY at 17.6 percent in Q4 FY21 vs 22.8 percent in Q4 FY20, owing to the input cost-push, which was partly offset by pricing interventions in key portfolios and aggressive cost control initiatives,” the statement added.