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Marico Q4 profit rises 14.1% to Rs 227 crore, margin misses analysts' estimates

Marico said Parachute Rigids grew 29 percent in volumes, albeit on a low base, undeterred by price hikes and pullback of consumer offers to counter a part of the input cost push.

April 30, 2021 / 02:49 PM IST
 
 
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Leading consumer goods company Marico has reported a 14.1 percent year-on-year growth in consolidated profit at Rs 227 crore for the quarter ended March 2021, driven by volume-led strong revenue growth but lower-than-expected margin and one-time loss limited growth.

Revenue from operations shot up 34.5 percent to Rs 2,012 crore compared to the year-ago quarter, backed by robust volume growth of 25 percent in the domestic business and constant currency growth of 23 percent in the international business, the company said in its BSE filing.

Marico further said Parachute Rigids grew 29 percent in volumes, albeit on a low base, undeterred by price hikes and pullback of consumer offers to counter a part of the input cost push.

"Value-added hair oils grew 22 percent in volumes with all of the key brands clocking double-digit growth. Saffola edible oils extended stellar run with 17 percent volume growth despite a particularly strong base, on the back of investment in new markets and increasing household penetration," the company added.