Marico Q4 Results: Consolidated PAT rises 5% YoY to Rs 320 crore

FMCG main Marico on Monday reported a 5% year-on-year (YoY) bounce in its March quarter consolidated web revenue at Rs 320 crore. The revenue stood at Rs 305 crore within the corresponding interval of the earlier monetary 12 months.

On a sequential foundation, it was down 17% as towards Rs 386 crore posted by the corporate in Q3FY24.

The income from operations rose merely 1.7% to Rs 2,278 crore from Rs 2,240 crore within the year-ago quarter.

On a standalone foundation, the PAT rose 12% YoY to Rs 229 crore in Q4FY24. The standalone income stood at Rs 1,637 crore, down from Rs 1,702 crore posted by the corporate in Q4FY23.

The corporate managed to trim its bills to Rs 1,894 crore in Q4FY24 from Rs 1,970 crore in Q3FY24 and Rs 1,907 crore in Q4FY23. They had been down 4% on a quarter-on-quarter (QoQ) foundation and 0.68% on a YoY foundation.The consolidated income from home operations stood at Rs 1,680 crore which was flat over the income reported within the year-ago interval at Rs 1,683 crore. In the meantime, worldwide income was up at Rs 598 crore within the reported quarter over Rs 557 crore reported within the corresponding interval of the final monetary 12 months.For the complete monetary 12 months, the online revenue grew 16% YoY to Rs 1,502 crore from Rs 1,322 crore in FY23. However, income noticed an 11.40% YoY downtick in FY24 to Rs 9,795 crore. Marico shares ended at Rs 531.85 on the NSE, up by Rs 14.95 or 2.89%.