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Marico Q2 Result: Revenue grows 22% to Rs 2,419 crore, PAT up 8% to Rs 309 crore

FMCG business witnessed an overall y-o-y growth of 22 percent with India business growing by 24 percent and International business by 14 percent.

October 28, 2021 / 06:35 PM IST
EBITDA margins for the quarter came in at 17.5 percent, down 210 bps y-o-y while EBITDA was up 9 percent y-o-y.

EBITDA margins for the quarter came in at 17.5 percent, down 210 bps y-o-y while EBITDA was up 9 percent y-o-y.

 
 
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Marico Ltd, the FMCG player that owns iconic brands like Parachute and Saffola, on October 28 declared its September quarter results (Q2FY22). It reported a y-o-y growth of 22 percent in its consolidated revenue at Rs 2,419 crore from Rs 1,989 crore reported last year.

On a sequential basis, revenue declined 4 percent from Rs 2,525 crore reported in the previous quarter.

The company also witnessed a growth of 8 percent in profit after tax (PAT) at Rs 309 crore during the period against Rs 285 crore (excluding extraordinary items) logged in the year-ago quarter.

Its India business witnessed a volume growth of 8 percent from last year while the y-o-y growth in international markets on a constant currency basis came in at 13 percent.