Marico Q4 Results 2024: Company Posts 7.28% Profit Increase to ₹343 Crore

Q4 Financial Highlights

Marico Ltd, a leading FMCG company, has reported a 7.28% increase in consolidated net profit at ₹343 crore for Q4 of FY 2024-25. This growth comes despite challenges from rising input costs, particularly in copra and vegetable oil prices. The company’s revenue witnessed a robust growth of 19.84% during the quarter, demonstrating strong operational performance.

Domestic Business Performance

The domestic business showed remarkable resilience, with revenue climbing 23% to reach ₹2,068 crore. This growth was primarily driven by strategic price hikes in core portfolios. The company’s market position remained strong, with 95% of its business either gaining or maintaining market share, while 80% sustained or improved penetration levels.

Product Portfolio Analysis

The company’s product portfolio showed mixed performance across segments. Parachute Rigids experienced a slight volume decline of 1%, while Value-added hair oils achieved a 1% value growth. Saffola Edible Oils faced challenges with elevated pricing due to increased vegetable oil costs, resulting in a low single-digit volume decline.

Leadership Updates

In significant leadership developments, Marico announced the continuation of Harsh Mariwala’s directorship, subject to shareholder approval. Additionally, Saugata Gupta has been re-appointed as Managing Director & Chief Executive Officer for a two-year term from April 1, 2026, to March 31, 2028. The company also declared a final equity dividend of ₹7.00 per share for FY 2024-25.

International Business Performance

The international business segment demonstrated strong performance with 16% constant currency growth, though reported revenue growth was 11% due to currency headwinds. Bangladesh operations grew by 11%, while MENA markets showed exceptional growth at 47%. South Africa maintained steady growth at 13%, and exports saw a 16% increase.

Future Outlook and Strategy

Looking ahead, Marico expects gradual improvement in growth trends across core categories in the domestic business. This optimism is backed by moderating trends in retail and food inflation, coupled with expectations of a healthy monsoon. The company remains focused on driving differential growth in urban-centric and premium portfolios through organized retail and e-commerce channels.

Published on May 2, 2025