Marico Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 06, 2024 at 10:48 am
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Marico Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 22,780 million compared to INR 22,400 million a year ago. Revenue was INR 22,930 million compared to INR 23,080 million a year ago. Net income was INR 3,180 million compared to INR 3,020 million a year ago. Basic earnings per share from continuing operations was INR 2.46 compared to INR 2.34 a year ago. Diluted earnings per share from continuing operations was INR 2.45 compared to INR 2.34 a year ago.
For the full year, sales was INR 96,530 million compared to INR 97,640 million a year ago. Revenue was INR 97,950 million compared to INR 99,080 million a year ago. Net income was INR 14,810 million compared to INR 13,020 million a year ago. Basic earnings per share from continuing operations was INR 11.46 compared to INR 10.08 a year ago. Diluted earnings per share from continuing operations was INR 11.43 compared to INR 10.05 a year ago.
Marico Limited is an India-based consumer goods company operating in the global beauty and wellness categories. The Company operates in product categories, such as coconut oil, refined edible oils, value added hair oils, leave-in hair conditioners, male grooming and packaged foods, among others. Its portfolio of brands includes Parachute, Saffola, Saffola FITTIFY, Nihar Naturals, Parachute Advansed, Hair & Care, Livon, Set Wet, Mediker, Revive, Beardo, Just Herbs, Coco Soul, Pure Sense and True Elements. The Company's international product portfolio includes brands, such as Parachute, Parachute Advansed, HairCode, Fiancee, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, Mediker SafeLife, Thuan Phat, Isoplus, Purite De Provence and Oliv. The Company is present in approximately 50 countries and operates seven factories in India, located at Puducherry, Perundurai, Jalgaon, Guwahati, Baddi and Sanand. Its subsidiaries include MBL Industries Limited and Marico Middle East FZE.
MARICO LIMITED 
