Marico registered 18% yoy growth in its PAT for the fourth quarter of FY19 at Rs213cr, while FY19 PAT rose 14%yoy at Rs930cr. Reacting to this shares of the company climbed 5% on Tuesday.
In Q4FY19, revenue from operations grew by 9%yoy to Rs1,609cr ($230mn), with underlying domestic volume growth of 8% and constant currency growth of 7% in the international business. Gross margin expanded by 243bps yoy due to lower cost raw material consumption during the quarter.
"Reported PAT growth came in at 122%, including the impact of the one-time write-back of tax provisions amounting to Rs188cr," the company said in a press note after markets hours to the exchanges on Monday.
In Q4FY19, revenue from operations grew by 9%yoy to Rs1,609cr ($230mn), with underlying domestic volume growth of 8% and constant currency growth of 7% in the international business. Gross margin expanded by 243bps yoy due to lower cost raw material consumption during the quarter.
"Reported PAT growth came in at 122%, including the impact of the one-time write-back of tax provisions amounting to Rs188cr," the company said in a press note after markets hours to the exchanges on Monday.
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