Income from operations declined marginally to Rs 2,476 crore within the stated quarter as in opposition to Rs 2,496 crore within the corresponding quarter of earlier yr.
The Board has additionally authorised an interim dividend of Rs 3 per fairness share of the monetary yr 2023-24 . The file date for reckoning the record of shareholders who can be entitled to obtain the stated interim dividend can be November 7.
The stated interim dividend can be paid to the shareholders on or earlier than November 29.
EBITDA for the quarter got here in at Rs 497 crore, whereas margins had been at 20%.
The corporate has reported underlying quantity progress of three% within the home enterprise and fixed foreign money progress of 13% within the worldwide enterprise.
The India enterprise delivered a turnover of Rs 1,832 crore, down 3% on a YoY foundation, lagging quantity progress as a consequence of worth corrections in key portfolios within the final 12 months.Parachute Rigids registered a 1% quantity progress amidst subdued client sentiment, whereas the franchise gained 35 bps in market share on MAT foundation.
“With pricing cuts coming into the bottom, worth progress ought to mirror quantity progress from Q3,” the corporate stated.
Within the worldwide enterprise, Bangladesh clocked a 2% fixed foreign money (CC) progress amidst ongoing macroeconomic headwinds. Vietnam grew 13% with a gradual efficiency in each the HPC and Meals portfolios. MENA delivered 34% and South Africa posted 23% progress.
On Monday, Marico shares closed 0.76% decrease at Rs 533.65 on NSE.
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