Marico (BOM:531642)

QUOTE AND NEWS
The Hindu Business Line  Mar 18  Comment 
FMCG major Marico has acquired about 45 per cent stake in men's grooming brand Beardo, the company said in a statement. While, the company has not disclosed the amount, sources close to the deal s...
The Hindu Business Line  Mar 17  Comment 
FMCG major, Marico has announced a strategic investment in Zed Lifestyle Private Limited (“Zed Lifestyle”) with an acquisition of 45 per cent equity stake for an undisclosed consideration. Zed Lifest...
The Economic Times  Feb 28  Comment 
If this announcement is made so emphatically, this will go ahead but let us wait for this weekend’s meeting to just to get the final grip in terms of the date.
The Economic Times  Feb 22  Comment 
Buy Marico Ltd. with a target of Rs 290 and a stop loss of Rs 265
The Economic Times  Feb 8  Comment 
FMCG firms such as Dabur, Parle, Godrej Consumer Products and Marico are accelerating hiring to directly serve regional markets and small towns.
The Hindu Business Line  Feb 8  Comment 
May consider blended olive oil to compete with olive, canola oil brands
The Economic Times  Feb 7  Comment 
Market participants have been keenly focused on the December quarter earnings to gauge the first impact of demonetisation.
The Economic Times  Feb 3  Comment 
Buy Marico Ltd. at a price target of Rs 300 and a stop loss at Rs 270 from entry point
The Hindu Business Line  Feb 1  Comment 
Over 40 companies will announce their October-December quarterly results on Thursday. These include AstraZeneca, Aegis Logistics, Dolphin Offshore, Dr Lal Path Labs, Electrosteel Steel, Essel Propac...
The Hindu Business Line  Feb 1  Comment 
The Budget is likely to provide the much required stimulus for “reigniting consumption growth” after the slump caused by demonetisation, Saugata Gupta, Managing Director & CEO, Marico Ltd, said.




 

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