Marico (MARICO) Q4 94/95 earnings summary

Executive summary

• FY95 revenue grew 20% to Rs 284.39 crore; PBT rose 28% to Rs 19.07 crore and PAT rose 86% to Rs 11.82 crore.

• Market shares increased across product categories amid competition, supported by continued investment in brands, distribution, product development and advertising.

Financial highlights

• Sales were Rs 283.34 crore versus Rs 236.44 crore; total revenue was Rs 284.39 crore versus Rs 237.28 crore.

• PBT was Rs 19.07 crore versus Rs 14.91 crore; PAT was Rs 11.82 crore versus Rs 6.36 crore.

• Operating expenses were Rs 259.21 crore; finance charges were Rs 6.11 crore and depreciation was Rs 3.24 crore.

• Advertising and sales promotion expense was Rs 17.90 crore versus Rs 16.26 crore.

Outlook and guidance

• Jalgaon was operating at full capacity; rising demand could require further capacity expansion there.

• Kanjikode copra crushing plant had stabilised at full capacity; additional expellers were installed to meet increasing demand.

• Directors recommended a 15% dividend, or Rs 1.50 per share, subject to shareholder approval.