- Marico’s net income for the second quarter is reported at 4.2 billion rupees, a decrease of 0.7% compared to the previous year, missing the estimate of 4.3 billion rupees.
- The company’s revenue reached 34.8 billion rupees, showing a significant 31% increase year-over-year, surpassing the estimate of 34.09 billion rupees.
- Revenue from India was strong, totaling 26.7 billion rupees, a 35% rise from last year, exceeding the expectation of 26.01 billion rupees.
- International revenue increased by 19% year-over-year to 8.15 billion rupees, surpassing the projected 7.81 billion rupees.
- Total costs for the quarter went up by 36% to 29.8 billion rupees.
- Raw material costs surged 66% year-over-year to 19.1 billion rupees, above the estimated 18.26 billion rupees.
- Other income declined sharply by 40% year-over-year to 490 million rupees.
- Market analyst recommendations for Marico include 32 buys, 9 holds, and 3 sells.
A look at Marico Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Marico Ltd, a company manufacturing consumer products in the beauty and wellness sector, has received varying scores across different factors. With a strong focus on dividends and resilience, Marico Ltd has scored high marks in these areas. The company excels in providing dividends to its investors consistently, showcasing stability and commitment to shareholder returns. Additionally, its resilience score reflects the company’s ability to withstand economic fluctuations and challenges, positioning it well for long-term success.
While Marico Ltd performs well in areas like dividends and resilience, there are opportunities for improvement in terms of value and growth. The company’s value score indicates that there may be room for enhancing its financial fundamentals and market positioning to unlock more value for shareholders. Moreover, with a moderate growth score, Marico Ltd may need to focus on strategies to accelerate its growth trajectory in the competitive consumer products industry. With a mixture of strengths and areas for enhancement, Marico Ltd‘s overall outlook suggests a blend of stability and potential for growth in the future.
### Marico Limited manufactures consumer products and services in the beauty and wellness space. The Company is known for its presence in the following categories: Coconut Oil, Hair Oils, Anti-lice Treatment, Premium Refined Edible Oils and Fabric Care. Marico Limited is present in the Skin Care Services segment through Kaya Skin Clinics. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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