Can you tell me about the fourth quarter results of Marico?

For the Mar-22 quarter, the makers of Parachute oil, Marico Ltd, reported 7.4% higher sales revenues at Rs2,161 crore. On a sequential basis, revenues were lower by -10.22%. FY22 full year sales revenues were up 18.2% at Rs9,512 crore. Marico reported a 5.1% growth in domestic India sales at Rs1,654 crore while the global sales were up 15.8% at Rs508 crore. During the quarter, the company has also made a provision of Rs.8 crore towards doubtful debts as part of the other expenses header, even as operating costs were pinching.

Net profit for Q4 in the case of Marico was up 13.22% at Rs257cr and down -18.93% sequentially. The profit growth was largely on account of Rs18 crore exceptional loss in Mar-21 quarter. This loss was on account of goodwill impairment on consolidation of investment in South Africa. Rural sales were weak, as is evident in sequential fall in sales. This is due to high levels of rural inflation and compression in rural incomes. Net margins at 11.89% in Mar-22 quarter was better compared to 11.28% in the Mar-21 quarter.