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Marico Q3 PAT seen up 20% at Rs 85 cr
FMCG major Marico is expected to report a profit after tax of Rs 85 crore in the third quarter of FY12, a growth of 19.7% as compared to Rs 71 crore in a year ago quarter.
FMCG major Marico is expected to report a profit after tax of Rs 85 crore in the third quarter of FY12, a growth of 19.7% as compared to Rs 71 crore in a year ago quarter.
Sales are likely to go up by 21.5% to Rs 994 crore from Rs 817.7 year-on-year.
Operating profit margin is expected to be flat at 12.1% versus 12.2% during the same period.
Highlights
* Domestic volume growth continues at a healthy 11-12%
* Slight softening in Parachute (around 1/3rd of sales); volume growth at around 7-8% versus 10% in Q2, which offsets by robust growth in hair oils and Saffola
* International business volume growth estimated at around 18-19%; Egypt, Bangladesh slowdown will be watched
* Rupee depreciation to be supportive for international biz
* Q3 did see some softening in raw material prices
* Copra, around 40% of Marico's costs went down 9% QoQ + slight softening in safflower
* But others like Kardi, bran etc continued to be at a high, though largely stable QoQ
* Marginal price hikes in Q3 will be margin supportive
But
* Company had been cutting down on ASP/sales for the last 4-5 quarters
* For e.g.: In Q2 ASP/Sales was at 9.7% versus 12.2% YoY
* Brand investments to improve again in Q3 - seen upwards of 11%
