Marico Q3 results: Net profit rises 4.2% to ₹399 crore, interim dividend announced

The FMCG company’s revenue from operations rose 15.4% YoY to ₹2,794 crore as against ₹2,422 crore in the third quarter ended December 31, 2023 (Q3 FY24).

Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at ₹533 crore in the quarter under review, jumping 3.9% from ₹513 crore in the year-ago period. However, the EBITDA margin contracted 210 bps to 19.1% in Q3 of the financial year 2024-25 in contrast to 21.2% in the third quarter of the 2023-24 fiscal.

The company’s domestic volume grew 6%.

Commenting on the results MD & CEO Saugata Gupta said, "We have delivered a considerably resilient performance in this quarter with the highest underlying volume and revenue growth in 13 quarters."

"The core domestic portfolios have held firm amidst inflationary conditions and witnessed market share and penetration gains, with the accelerated scale-up in Foods and Digital-first brands visibly advancing the diversification agenda," he said.

Board declares interim dividend

Marico’s board of directors at its meeting held on January 31, 2025, declared an interim dividend of ₹3.50 per share on its paid-up equity share capital of approximately ₹129.5 crores.

The company has fixed February 7, 2025 as the record date and the payment for the interim dividend will be made on or before March 2, 2025.

As of 2:46 pm, shares of Marico were trading flat at ₹672.45, up 0.045% on the National Stock Exchange (NSE).

The FMCG company has a total market cap of ₹87,092.55 crore as of January 31, 2025, on the NSE.