FMCG firm Marico Ltd on Thursday reported a 13.21 percent rise in consolidated net profit to Rs 257 crore for the fourth quarter ended March 2022.
The company had posted a net profit of Rs 227 crore in the year-ago period, Marico said in a BSE filing.
Its revenue from operations rose 7.40 percent to Rs 2,161 crore during the quarter under review, against Rs 2,012 crore a year ago. Marico’s total expenses surged 7.13 per cent to Rs 1,863 crore from Rs 1,739 crore in Q4 FY21.
In Q4FY22, Revenue from Operations grew by 7 per cent year-on-year to Rs 2,161 crores with the domestic business staying steady in a challenging consumption environment and the international business posting healthy double-digit revenue growth, Marico said.
Its revenue from the domestic market rose 5.08 per cent to Rs 1,654 crore against Rs 1,574 crore in Q4 FY 2020-21. In India, rising inflation levels, exacerbated by geopolitical tensions, continued to weigh down the overall consumption sentiment, and even more so in rural areas.
The FMCG market continued to decline in Q4 in volume terms. Against this backdrop, Marico’s domestic business delivered a resilient 5 percent revenue growth, with 1 percent underlying volume growth, it said. Marico’s revenue from international sales in Q4 FY22 was up 15.75 percent at Rs 507 crore against Rs 438 crore in the corresponding period preceding fiscal. The International business delivered 12 percent constant currency growth in the quarter with each of the Bangladesh, South Africa and MENA businesses clocking double-digit constant currency growth.