FMCG player Marico has posted Revenue from Operations of Rs 1,072 crore (USD 173 million) a growth of about 17 percent over Q4FY13 during the quarter ended March 31, 2014 (Q4FY14). Profit growth, excluding exceptional items accounted in Q4FY13, grew by 8 percent. Volume growth in both India and international business has shown recovery.
During FY14, the company received 900 percent dividend from Marico Bangladesh on which income tax charge of Rs 34.5 crore has been accounted in the books increasing the effective tax rate (ETR) for the year.
Its profit growth excluding the tax impact is 31 percent for the quarter. The reported profits (not comparable and including exceptional items) decreased by about 20 percent during Q4FY14. The business has shown steady recovery in volume growths with sustained improvements in market shares. In India, due to the weak demand environment, the growth rates of various segments have come down. This has impacted the company’s growth rates.
Marico entered the Hair Colour category by introducing Livon Conditioning Cream Colour.
During 2013-14, Marico recorded a turnover of about Rs. 47 billion (USD 781 million) through its products sold in India and about 25 other countries in Asia and Africa. Kaya Skin Care Services business has been demerged from Marico effective April 1, 2013. It has brands such as Parachute, Parachute Advansed, Saffola, Hair & Care, Nihar, Livon, Setwet, Zatak, Mediker and Revive. Marico’s international consumer products portfolio contributes to about 25 percent of the Group’s revenue, with brands like Parachute, HairCode, Fiancée, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, L’Ovite, and Thuan Phat.