Marico Limited Reports Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017; Provides Capital Expenditure and Effective Tax Rate Guidance for the Fiscal Year 2018
February 09, 2018 at 04:18 pm IST
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Marico Limited reported consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on consolidated basis the company reported revenue from operations of INR 16,243.3 million against INR 14,167.1 million a year ago. EBITDA of INR 3,020 million and profit after tax of INR 2,210 million. Profit before exceptional items, share of profit of joint ventures and tax was INR 2,942.7 million against INR 2,699.6 million a year ago. Profit before tax was INR 2,941.4 million against INR 2,697.5 million a year ago. Net profit attributable to owners of the company was INR 2,205.1 million against INR 1,814.3 million a year ago. Diluted earnings per share was INR 1.71 per share against INR 1.49 per share a year ago.
For the nine months, on consolidated basis the company reported revenue from operations of INR 48,530.0 million against INR 46,137.7 million a year ago. EBITDA of INR 8,850 million and profit after tax of INR 6,340 million. Profit before exceptional items, share of profit of joint ventures and tax was INR 8,703.6 million against INR 9,000.3 million a year ago. Profit before tax was INR 8,696.0 million against INR 8,994.5 million a year ago. Net profit attributable to owners of the company was INR 6,339.1 million against INR 6,299.0 million a year ago. Diluted earnings per share was INR 4.92 per share against INR 4.97 per share a year ago.
For the quarter, on standalone basis the company reported revenue from operations of INR 13,375.9 million against INR 11,429.8 million a year ago. Profit before exceptional items and tax was INR 3,063.4 million against INR 3,524.6 million a year ago. Profit before tax was INR 3,063.4 million against INR 3,524.6 million a year ago. Net profit for the period was INR 2,401.1 million against INR 2,653.0 million a year ago. Diluted earnings per share was INR 1.86 per share against INR 2.09 per share a year ago.
For the nine months, on standalone basis the company reported revenue from operations of INR 39,675.6 million against INR 37,578.7 million a year ago. Profit before exceptional items and tax was INR 7,716.2 million against INR 9,095.3 million a year ago. Profit before tax was INR 7,716.2 million against INR 9,095.3 million a year ago. Net profit was INR 5,984.4 million against INR 6,793.2 million a year ago. Diluted earnings per share was INR 4.64 per share against INR 5.27 per share a year ago.
The estimated capital expenditure in each of the years 2018 and 2019 is likely to be around INR 1,000 million to INR 1,250 million (USD 15 million- USD 19 million). The expected effective tax rate during 2018 would be around 26%-27%. It should be noted that this tax rate is basis the accounting charge in the P&L account.
Marico Limited is an India-based consumer goods company operating in the global beauty and wellness categories. The Company operates in product categories, such as coconut oil, refined edible oils, value added hair oils, leave-in hair conditioners, male grooming and packaged foods, among others. Its portfolio of brands includes Parachute, Saffola, Saffola FITTIFY, Nihar Naturals, Parachute Advansed, Hair & Care, Livon, Set Wet, Mediker, Revive, Beardo, Just Herbs, Coco Soul, Pure Sense and True Elements. The Company's international product portfolio includes brands, such as Parachute, Parachute Advansed, HairCode, Fiancee, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, Mediker SafeLife, Thuan Phat, Isoplus, Purite De Provence and Oliv. The Company is present in approximately 50 countries and operates seven factories in India, located at Puducherry, Perundurai, Jalgaon, Guwahati, Baddi and Sanand. Its subsidiaries include MBL Industries Limited and Marico Middle East FZE.
Marico Limited Reports Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017; Provides Capital Expenditure and Effective Tax Rate Guidance for the Fiscal Year 2018