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Marico Q4 Results Review: Inline; Near Term Ebitda Pressure Likely; Nirmal Bang Maintains 'Hold'
Nirmal Bang maintains 'Hold; rating on Marico as it awaits a better entry point.
05 May 2025, 09:52 AM IST 
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Marico's consolidated revenue grew 12.2% in FY25 with 13% revenue growth in the Parachute portfolio and 13% revenue growth in Saffola Edible Oils. (Photo Source: Vijay Sartape/NDTV Profit)
Marico’s domestic revenue increased 23% YoY, along with growth in volumes by 7% YoY (marginally lower vs our estimate of 8%). International sales grew 10.7% YoY (16% YoY in constant currency terms). Consolidated revenue increased 19.8% YoY to Rs 27.3 billion, in line with our estimate of Rs 26.9 billion. Consolidated gross margin came in at 48.6% (lower than our est. of 49.8%; down by 300 bps YoY and 90 bps QoQ), mainly impacted by t...
