Marico (BOM:531642)

QUOTE AND NEWS
The Economic Times  May 21  Comment 
One the most valuable lessons I learnt at Marico was humility. We were the first bunch of trainees in Marico, so the then MD, Harsh Mariwala, took a lot of interest in us.
The Economic Times  May 19  Comment 
Sanjay Kumar,CEO Altran India shares his first job experience at Marico-- innovations, mistakes and lessons learnt
The Hindu Business Line  May 7  Comment 
Innovation, IT analytics, value management are among key areas of focus, says CEO
The Hindu Business Line  May 3  Comment 
FMCG major Marico is prototyping lower pack sizes at 500 ml for its premium edible oil brand Saffola to drive volumes in the urban markets. Instead of tinkering with the price, the comp...
The Hindu Business Line  Apr 30  Comment 
FMCG company Marico has posted an 18 per cent increase in consolidated profit at ₹573.45 crore (₹485.38 crore) for the year ending March 31. Total income increased by 22 per cent from ₹4...
The Times of India  Apr 30  Comment 
The Economic Times  Apr 17  Comment 
Marico has given an open mandate to its Young Board to spot new opportunities, potential pitfalls and build a strong case for a few initiatives.
The Economic Times  Apr 17  Comment 
'Marico Ltd is a 'BUY' call with a target of Rs 445 and a stop loss of Rs 408'
The Economic Times  Mar 23  Comment 
Sharmila believes that banking and IT sectors, which have a significant weightage in Sensex and Nifty, could hurt the market sentiment.
The Economic Times  Mar 17  Comment 
'Marico Ltd is a ‘BUY’ call with a target of Rs 400 and a stop loss of Rs 375'
The Hindu Business Line  Feb 24  Comment 
Marico says shipments into the country were only a fraction of domestic production




 

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