Marico saw its net profit increase by 7.86%, reaching Rs 343 crore in the fourth quarter, compared to last year. The company’s revenue grew by 19.84% to Rs 2,730 crore, up from Rs 2,278 crore in the same period last year. This growth was driven by a 7% increase in sales in India and a 16% growth in international markets.
Profit before tax (PBT) rose by 10.53% to Rs 441 crore, while EBITDA (earnings before interest, taxes, depreciation, and amortization) grew by 4% to Rs 458 crore. However, Marico’s EBITDA margin dropped by 260 basis points, standing at 16.8%.
In India, the company’s revenue increased by 23% to Rs 2,068 crore, mainly due to price hikes in key product categories in response to higher input costs. Marico also saw growth in alternative sales channels, especially beyond traditional retail.
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Globally, Marico’s international business showed strong growth, especially in Bangladesh, which had double-digit growth in constant currency terms. While Vietnam’s market was slower, other regions like MENA (Middle East & North Africa) and South Africa continued to perform well. However, the company faced some challenges due to currency fluctuations, which impacted profits by around 2%.
Marico’s gross margin dropped by approximately 300 basis points, mainly due to higher costs of key ingredients like copra and vegetable oil. Despite this, the company spent 35% more on advertising and promotions in Q4.
Looking ahead, Marico expects steady growth in its key product categories as retail and food inflation trends ease, and it anticipates a good monsoon season. The company also plans to expand its reach in smaller markets through a project called Project SETU.
Marico has set ambitious growth targets for its Foods division, aiming for a 25%+ annual growth rate and to expand its digital-first portfolio significantly by 2027. The company plans to grow its premium personal care categories, such as shampoos, skin care, and baby care, which have already been growing at a healthy rate.
Saugata Gupta, MD & CEO of Marico, said the year ended on a high note, with total revenues crossing Rs 10,000 crore. He also mentioned that while input costs might remain a challenge in the short term, the company is focusing on maintaining its growth momentum in the coming year.
Marico’s board has also proposed a final dividend of Rs 7 per share, subject to approval by shareholders at the upcoming Annual General Meeting (AGM) scheduled for August 2025. If approved, the dividend will be paid by September 2025.
Marico is one of India’s leading consumer products companies, with popular brands like Parachute, Saffola, Hair & Care, Beardo, and more.
