Marico (BOM:531642)

QUOTE AND NEWS
The Hindu Business Line  Mar 27  Comment 
Marico launches Parachute Advansed Summer Refresh Lotion Spray, a ‘spray-on’ body lotion, for instant relief from summer heat. It has a non-sticky formulation of cool mint extracts and coc...
The Economic Times  Mar 25  Comment 
Mariwala, who stepped down said it’s too early to say if his children Rishabh and Rajvi will eventually be at the helm of the company.
The Hindu Business Line  Mar 25  Comment 
The board of directors of Marico Ltd, a leading consumer products company in the beauty and wellness space, today, approved the appointment of Saugata Gupta, CEO, Marico, as Managing Director and...
The Economic Times  Mar 24  Comment 
Saugata Gupta, current CEO, will take over the day-to-day operations of the maker of Parachute hair oil and Saffola edible oils.
The Economic Times  Mar 24  Comment 
Mindtree, Marico, Citibank, HCL Tech, M&M, Pepsico and Raychem RPG are upgrading their employee engagement measures by coming up with newer policies.
The Hindu Business Line  Mar 24  Comment 
Consumer products maker Marico Limited today said that its group CFO Milind Sarwate has quit to pursue opportunities outside the group. He was with the company for last 16 years. The...
The Hindu Business Line  Mar 24  Comment 
The Hindu Business Line  Mar 19  Comment 
In an attempt to encourage ideas that impact the society at large and showcase the impact to the larger community, Marico Innovation Foundation has announced the final shortlists of its Innovation...
The Economic Times  Mar 12  Comment 
Being an IT company, Accenture makes extensive use of technology to get feedback from young employees and incorporate this into policies.
The Economic Times  Feb 20  Comment 
Several companies in recent times, including the Tatas, Godrej and Marico, among others, have brought in young CEOs to head their businesses.
The Hindu Business Line  Feb 14  Comment 
Fast-moving consumer goods (FMCG) company Marico Ltd has decided to hold on to prices of its flagship brands Parachute and Saffola, after witnessing low volumes in the December quarter. ...




 

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