Marico Q3 Results FY2023, PAT at Rs. 328 crores

Marico Q3 Results FY2023

by Shreya Anaokar Last Updated: Feb 06, 2023 - 03:43 pm 1.9k Views
Listen icon

On 3rd February, Marico announced its results for the third quarter of FY2023.

Key Highlights:

- The revenue stood at Rs. 2470 crores, up by 3% YoY
- EBITDA was reported at Rs. 456 crores, up by 6% YoY.
- Marico reported a Net Profit was reported at Rs. 328 crores, up by 6% YoY.

Business Highlights:

- India Business delivered a turnover of Rs.  1,851 crores, up 2% on a YoY basis.
- Parachute Rigids was up 2% in volume terms after a tepid last few quarters, as the loose to branded conversions in the coconut oil picked up with copra prices firming up favorably in the offseason
- Value Added Hair Oils posted a value decline of 3% given the muted consumption sentiment in rural and sluggishness in mass personal care categories. 
- The Saffola franchise, comprising Refined Edible Oils and Foods, grew by 10% in value terms. - Saffola Oils stepped up the growth from the last quarter to post low teen volume growth as stability in trade inventory and consumer pricing prevailed.
- Foods grew 31% in value terms with 20% growth in the Oats franchise and newer offerings scaling up well. Saffola Oats maintained its strong leadership position in the Oats category. During the quarter, the Company launched healthy and lip-smacking snack offerings under the aegis of Saffola Munchiez.
- International business posted a turnover of Rs. 619 crores with 8% constant currency (cc) growth. - Bangladesh clocked 9% constant currency growth. Both the core and newer portfolios remained steady. 
- Vietnam grew by 13% in constant currency terms as the HPC and Foods franchises performed well. 
- Both MENA and South Africa grew by 13% in constant currency terms.

Commenting on the results, Saugata Gupta, MD & CEO, commented, “The quarter was characterized by improving trends in topline and earnings growth as the domestic business witnessed emerging signs of a gradual demand revival, while the international business stood its ground amidst macro headwinds in some markets. It was reassuring to see continued market share and penetration gains in most of our key portfolios and sustained growth momentum in new franchises. As the operating environment is expected to evolve favorably, we will aim to maintain an upward trajectory across growth parameters in the quarters ahead through consistent investment in our brands and focus on execution.”

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 


Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
What you must know about Accent Microcell IPO?

Accent Microcell Ltd is a 11 year old company, incorporated in the year 2012 to produce high-quality cellulose-based excipients. These excipients find application in the pharmaceutical, nutraceutical, food, cosmetic and other industries.

Electric Two-Wheeler Sales Surge in November: A Close Examination

In November, sales of electric two-wheelers witnessed impressive growth, totaling just over 91,000 units. This marks a nearly 20% increase compared to the same month last year and a 22% rise from October.

HUL Strategically Divides Beauty and Personal Care for Modern Beauty Brand Challenges

Hindustan Unilever Ltd (HUL) is making strategic moves to enhance its competitiveness in the beauty and personal care market. Starting April 1, the company will split its beauty and personal care division into two separate entities—beauty and wellbeing (B&W) and personal care (PC).