Marico Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 29, 2024 at 05:20 am EST
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Marico Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 24,220 million compared to INR 24,700 million a year ago. Revenue was INR 24,650 million compared to INR 25,100 million a year ago. Net income was INR 3,830 million compared to INR 3,280 million a year ago. Basic earnings per share from continuing operations was INR 2.97 compared to INR 2.53 a year ago. Diluted earnings per share from continuing operations was INR 2.96 compared to INR 2.53 a year ago.
For the nine months, sales was INR 73,750 million compared to INR 75,240 million a year ago. Revenue was INR 75,020 million compared to INR 76,000 million a year ago. Net income was INR 11,630 million compared to INR 10,000 million a year ago. Basic earnings per share from continuing operations was INR 9 compared to INR 7.74 a year ago. Diluted earnings per share from continuing operations was INR 8.98 compared to INR 7.71 a year ago.
Marico Limited is an India-based consumer goods company operating in the global beauty and wellness categories. The Company operates in product categories, such as coconut oil, refined edible oils, value added hair oils, leave-in hair conditioners, male grooming and packaged foods, among others. Its portfolio of brands includes Parachute, Saffola, Saffola FITTIFY, Nihar Naturals, Parachute Advansed, Hair & Care, Livon, Set Wet, Mediker, Revive, Beardo, Just Herbs, Coco Soul, Pure Sense and True Elements. The Company's international product portfolio includes brands, such as Parachute, Parachute Advansed, HairCode, Fiancee, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, Mediker SafeLife, Thuan Phat, Isoplus, Purite De Provence and Oliv. The Company is present in approximately 50 countries and operates seven factories in India, located at Puducherry, Perundurai, Jalgaon, Guwahati, Baddi and Sanand. Its subsidiaries include MBL Industries Limited and Marico Middle East FZE.
MARICO LIMITED 
