Marico gains after Q3 PAT rises 17% YoY : vimarsana.com

Marico gains after Q3 PAT rises 17% YoY


Marico rose 1.45% to Rs 415.90 after the company reported 17% jump in consolidated net profit to Rs 238 crore on 34% increase in revenue from operation to Rs 2,012 crore in Q4 FY21 over Q4 FY20.During the quarter, the revenue growth was backed by robust volume growth of 25% in the domestic business and constant currency growth of 23% in the international business.
The company witnessed strong momentum in each of the core portfolios of the India business while steadily strengthening its play in Foods through innovation. However, a part of the optical growth was also due to a lockdown-affected base (however relatively stronger than most sectoral peers) and partial normalization of the historical skew in Q4 and Q1 revenues.

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