Q4FY17 result : Marico
Marico Ltd. reported its results for the quarter ended March 31, 2017 today.
The company's total sales for Q4FY17 came in at Rs 1322.15 crore, which represents a 6.67 per cent sequential decline and 2.45 per cent YoY increase.
It witnessed 15% volume growth in Parachute rigid portfolio, reversing the declining trend of the past two quarters. Saffola edibles oils maintained growth trajectory with a volume growth of 6%.
The company's operating profit (EBIT) for the quarter amounted to Rs 232.15 crore, while its EBIT margin stood at 17.56 per cent.
The company reported PAT of Rs 170.91 crore, which represents a sequential QoQ decline of 10.81 per cent and a YoY increase of 25.5 per cent.
The Marico stock remained positive in today’s trading session and closed at Rs 319, up 1.3 per cent from previous close of Rs. 314.90.