IIFL estimates the company’s net profit to soar to Rs.140 crore, at a rate of 27.4% yoy; however, the same is expected to fall 29.1% qoq
Marico, one of India’s leading FMCG companies, will announce its financial results on April 29 for the fourth quarter ended March 31, 2016.
IIFL estimates the company’s net profit to soar to Rs.140 crore, at a rate of 27.4% yoy; however, the same is expected to fall 29.1% qoq.
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to increase to Rs.1,370 crore, at a rate of 11.7% yoy; however, the same is likely to tumble 12% qoq.
Operating profit margin is likely to be at 16.2%, with a yoy rise of 221 bps.
According to IIFL, the past couple of quarters had witnessed lower commodity prices, which aided the consumer companies significantly in the form of lower COGS (Cost of Goods Sold) inflation or deflation in some cases. Though raw‐material prices remain benign, headroom for further gross margin expansion in Q4FY16 seems limited compared with Q4 FY15.
Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
Other key quarterly results on April 29 include Astra Mircowave, Ajanta Pharma, Atul Ltd, InterGlobe Aviation, ICICI Bank, Oberoi Realty, Sanofi India, and Shriram Transport Finance.
Marico, one of India’s leading FMCG companies, will announce its financial results on April 29 for the fourth quarter ended March 31, 2016.IIFL estimates the company’s net profit to soar to Rs.140 crore, at a rate of 27.4% yoy; however, the same is expected to fall 29.1% qoq.
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to increase to Rs.1,370 crore, at a rate of 11.7% yoy; however, the same is likely to tumble 12% qoq.
Operating profit margin is likely to be at 16.2%, with a yoy rise of 221 bps.
According to IIFL, the past couple of quarters had witnessed lower commodity prices, which aided the consumer companies significantly in the form of lower COGS (Cost of Goods Sold) inflation or deflation in some cases. Though raw‐material prices remain benign, headroom for further gross margin expansion in Q4FY16 seems limited compared with Q4 FY15.
Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
Other key quarterly results on April 29 include Astra Mircowave, Ajanta Pharma, Atul Ltd, InterGlobe Aviation, ICICI Bank, Oberoi Realty, Sanofi India, and Shriram Transport Finance.
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