Conference Call with Marico Ltd. Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
Personal Products company Marico announced Q2FY24 & H1FY24 results: Q2FY24: Revenue from Operations: Rs 2,476 crore (1% decrease YoY) EBITDA: Rs 497 crore (15% increase YoY) EBITDA Margin: 20.1% (Up 272 bps YoY) Profit After Tax (excl. one-offs): Rs 353 crore (17% increase YoY) Domestic Volume Growth: 3% International Business (% CCG): 13% H1FY24: Revenue from Operations: Rs 4,953 crore (2% decrease YoY) EBITDA: Rs 1,071 crore (12% increase YoY) EBITDA Margin: 21.6% (Up 263 bps YoY) Profit After Tax (excl. one-offs): Rs 769 crore (14% increase YoY) Domestic Volume Growth: 3% International Business (% CCG): 11% Saugata Gupta, MD & CEO, commented, “The domestic and overseas businesses have delivered a fairly resilient performance amidst a challenging operating environment in the first half of the fiscal. We have made substantial progress towards achieving the diversification objective set for the year with Foods and Digital-First portfolios scaling up on expected lines. We are also on-course to deliver robust gross and operating margin expansion this year, even while ramping up brand building investments to strengthen the equity of our franchises. We continue to hold the aspiration of exhibiting an improvement across key performance parameters on a full year basis.” Result PDF