Marico Q1FY25 earnings: Saffola and Parachute maker posts 9% increase in net profit to Rs 464 crore

Consumer goods company Marico which owns brands like Saffola and Parachute shared its first quarter results of the financial year 2025 on Monday, August 5. The company reported an 8.7 per cent increase in consolidate net profit to Rs 464 crore for the June quarter FY25.

It had clocked a PAT of Rs 427 crore last year (Q1FY24).

This is in line with Zee Business' estimates of a nine per cent rise on a year-on-year basis. 

Meanwhile, the company's revenue jumped 6.7 per cent to Rs 2,643 crore in June quarter FY25 which was Rs 2,477 crore during the same period last year (Q1FY24).

According to Zee Business, the revenue was estimated 8 per cent higher to Rs 2,684 crore.

It has an "underlying volume growth of 4 per cent in the domestic business and constant currency growth of 10 per cent in the international business", according to an earning statement from Marico.

Marico's gross margin expanded by 230 bps year-on-year, and its advertising and promotion spending increased 13 per cent year-on-year in the June quarter.

The total expenses of Marico grew 6.08 per cent in the June quarter to Rs 2,075 crore.

Marico owns popular brands like Saffola, Parachute, and Livon.

"Domestic revenue was Rs 1,962 crore, up 7 per cent YoY, as volume growth was supplemented by price hikes in the Coconut Oil portfolio, which more than offset the residual base impact of pricing cuts in the Saffola Oils portfolio," Marico said.

Offtakes remained healthy across key portfolios, with more than 90 per cent of the business either gaining or sustaining market share, it said.

Marico's international revenue grew 4.76 per cent to Rs 681 crore.

"The International business sustained its double-digit constant currency growth momentum, with each of the key markets delivering broad-based growth," it said.

Read more: Marico Q1 results preview: EBITDA to likely log low double-digit growth; margins seen expanding

Shares of Marico closed at Rs 672.40 each on BSE today, August 5.

Marico, one of India's leading consumer goods companies, touches the lives of one out of every three Indians, through its portfolio of brands such as Parachute, Saffola, Saffola FITTIFY, Hair & Care, Parachute Advansed, Nihar Naturals, Mediker, Pure Sense, Coco Soul, Revive, Set Wet, Livon, Beardo, Just Herbs, True Elements and Plix. 

The international consumer products portfolio contributes to about 26 per cent of the de Prôvence, Ôliv, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, Thuan Phat and Isoplus.