Marico (BOM:531642)

QUOTE AND NEWS
The Hindu Business Line  Jul 1  Comment 
Marico Kaya Enterprises Limited announced its listing on the NSE and the BSE. Marico Kaya is a holding company of Kaya Ltd, which currently owns and operates 86 Kaya Skin Clinics in 26 cities in I...
The Economic Times  Jul 1  Comment 
The Hindu Business Line  Jun 26  Comment 
To test market niche brands ahead of launch
The Economic Times  May 29  Comment 
Most FMCG companies have been reporting subdued performance, but Marico, which owns the brands Parachute and Saffola, has enthused investors
The Economic Times  May 23  Comment 
Marico Ltd is a 'BUY' call with a target of Rs 246 and a stop loss of Rs 229.
The Hindu Business Line  May 22  Comment 
New Zealand software accounting firm Xero leads the pack
The Economic Times  May 8  Comment 
With Firstsource, we are expecting their net debt will come down to about $10 million. Which is why the top line might grow at 8%.
The Hindu Business Line  May 5  Comment 
Milind Sarwate, former Chief Financial Officer of the Marico Group, has been roped in by the Rajesh Wadhawan Group, the promoters of home loan company Dewan Housing Finance Ltd (DHFL). Whil...
The Hindu Business Line  May 4  Comment 
FMCG major Marico plans to exit the muesli category, but will give a push to the oats offering under the Saffola brand. Museli offeringsRestricting its museli offerings to...
The Economic Times  May 1  Comment 
The focus is on engaging people through social media even before they come on board, newer training initiatives, driving innovative spirit.
The Hindu Business Line  Apr 30  Comment 
FMCG firm Marico Ltd today reported 5.85 per cent rise in consolidated net profit at Rs 88.77 crore for the quarter ended March 31, 2014.The company had reported a net profit of Rs 83.86 cr...




 

Marico is one of the leading Indian groups in consumer products and services in the beauty and wellness space. It has products and services in hair care, skin care and healthy foods. Marico's brands and their extensions occupy leadership positions with significant market shares in all categories. The company is present in the skin care services segment through Kaya skin care clinics (85 clinics) in India and the UAE. Marico's branded products are also present in Bangladesh, other South Asian Association for Regional Co-operation (SAARC) countries and the Middle East. Marico has been growing both organically and inorganically. It acquired ‘Nihar’, ‘Oil of Malabar’ and 'Manjal' herbal soap brand in India. It acquired a clutch of brands namely 'Camelia', 'Aromatic' and 'Magnolia' in Bangladesh and ‘Fiancee’ and ‘Haircode’ in Egypt. The company sold the Sundari business and Sil Brand.


Marico reported a strong 25% YoY growth in the consolidated topline for FY09 led by the 22% YoY growth in consumer product business, 43% YoY growth in international business and 57% YoY growth in Kaya. The operating margins were at 13% and the company reported a 12% YoY growth in net profits.


Marico’s business model is based on focused growth across all its brands and territories driven by continuously improving the value proposition to consumers, market expansion and widening its retail reach. It has identified new engines of growth and is also focusing on high margin products. It continues to improve its market share across product categories and is also doing well in the international business. The management’s uncommon thinking of transforming Marico from an oil company to a health and wellness firm is paying off well.


Consolidated picture
(Rs m) 4QFY08 4QFY09 Change FY08 FY09 Change
Net sales 4,659 5,612 20.50% 19,050 23,884 25.40%
Expenditure 4,203 4,879 16.10% 16,588 20,864 25.80%
Operating profit (EBDITA) 456 732 60.70% 2,463 3,020 22.60%
EBDITA margin (%) 9.80% 13.10% 12.90% 12.60%
Other income 52 80 53.70% 96 142 48.80%
Interest 87 113 29.90% 305 357 17.10%
Depreciation 79 104 31.90% 307 358 16.50%
Profit before tax 341 594 74.20% 1,946 2,447 25.80%
Extraordinary items 106 (150) 106 (150)
Tax 39 1 (97.70%) 360 409 13.80%
Profit after tax/(loss) 408 444 8.60% 1,692 1,887 11.50%
Minority interest 1 (1)
Net profit after tax/(loss) 408 444 8.60% 1,691 1,888 11.70%
Net profit margin (%) 8.80% 7.90% 8.90% 7.90%
No. of shares (m) 609 609 609 609
Diluted earnings per share (Rs)* 3.1
Price to earnings ratio (x)* 21.9
* 12 month trailing earnings



Segment Revenue
Rs m 4QFY08 4QFY09 Change FY08 FY09 Change
FMCG 4,337 5,163 19.10% 17,938 22,201 23.80%
% of total revenue 93.10% 92.00% 94.20% 93.00%
Others 322 448 39.20% 1,113 1,683 51.20%
% of total revenue 6.90% 8.00% 5.80% 7.00%
Total 4,659 5,612 20.50% 19,050 23,884 25.40%
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki