FMCG firm Marico Ltd on Thursday reported a 13.21 per cent rise in consolidated net profit to Rs 257 crore for the fourth quarter ended March 2022.
The company had posted a net profit of Rs 227 crore in the year-ago period, Marico said in a BSE filing.
Its revenue from operations rose 7.40 per cent to Rs 2,161 crore during the quarter under review, against Rs 2,012 crore a year ago.Marico's total expenses surged 7.13 per cent to Rs 1,863 crore from Rs 1,739 crore in Q4 FY21.
"In Q4FY22, Revenue from Operations grew by 7 per cent year-on-year to Rs 2,161 crores with the domestic business staying steady in a challenging consumption environment and the international business posting healthy double-digit revenue growth," Marico said in an earning statement.
Its revenue from the domestic market rose 5.08 per cent to Rs 1,654 crore against Rs 1,574 crore in Q4 FY2020-21. In India, rising inflation levels, exacerbated by geopolitical tensions, continued to weigh down the overall consumption sentiment, and even more so in rural.
"FMCG market continued to decline in Q4 in volume terms. Against this backdrop, Marico's domestic business delivered a resilient 5 per cent revenue growth, with 1 per cent underlying volume growth," it said. Marico's revenue from international sales in Q4 FY22 was up 15.75 per cent at Rs 507 crore against Rs 438 crore in the corresponding period preceding fiscal. "The International business delivered 12 per cent constant currency growth in the quarter with each of the Bangladesh, South Africa and MENA businesses clocking double-digit constant currency growth.