Marico Q4 Review - Strong Demand But Pressure On Margins: Dolat Capital
Marico Ltd. health and beauty products are displayed on the shelf of a department store in Mumbai, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Marico Q4 Review - Strong Demand But Pressure On Margins: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Marico Ltd.’s Q4 FY21 revenues came marginally ahead, but Ebitda and adjusted profit after tax came in line with our estimates.

India business posted 37% revenue growth with 25% volume increase.

Value added hair oil reported 22% value and volume growth – soft performance considering 18%/11% value/volume decline in the base quarter.

Saffola continues to outperform with 43%/17% value/volume growth.

The performance was encouraging considering very tough base of 25% volume and value growth.

Click on the attachment to read the full report:

Dolat Capital Marico Q4FY21 Result Update.pdf

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