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Last Updated : Feb 02, 2017 11:13 AM IST | Source: CNBC-TV18

Marico Q3 profit seen down 2%, domestic volume may fall 5-6%

FMCG major Marico's third quarter consolidated profit is seen declining 2.2 percent year-on-year to Rs 193.5 crore and revenue may fall 5.4 percent to Rs 1,472 crore as domestic volume is expected to decline 5-6 percent.

 
 
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FMCG major Marico's third quarter consolidated profit is seen declining 2.2 percent year-on-year to Rs 193.5 crore and revenue may fall 5.4 percent to Rs 1,472 crore as domestic volume is expected to decline 5-6 percent.


Operating profit during the quarter is likely to fall 6.2 percent year-on-year to Rs 275.6 crore and margin may contract 20 basis points to 18.7 percent, according to average of estimates of analysts polled by CNBC-TV18.


Coconut oil staple product (used for cooking in South India), 35 percent revenue from wholesale channels and main markets like Southern & Western part of India saw relatively less impact of demonetisation.

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Key factors to watch out for would be cut in prices for coconut oil by 2.5-3 percent during the quarter, lower growth in discretionary part of portfolio (Value Added Hair Oils & Safolla) and margin guidance.



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First Published on Feb 2, 2017 11:13 am
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