Thursday, October 23, 2008

Buy Marico Ltd – Target 64 – India Infoline

by Bharat Mudgal 0 comments



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ä Consolidated revenues recorded a strong 30% yoy growth at Rs6bn led by 11%
organic and 3% inorganic growth.
ä International FMCG business registered 59% growth in revenues. Kaya clocked
67% yoy growth in revenues at Rs400mn.
ä Higher raw material and overhead cost pulled down operating margins
by170bps. Net profit rose by 12% yoy to Rs471mn; excluding foreign exchange
mark to market loss of Rs70mn the growth could have been higher at 24% yoy.
ä We expect Marico to witness a 19.1% CAGR in revenues and 20.5% CAGR in
net profit over FY08-10E.

Download marico - Get more Business Documents


marico - Get more Business Documents

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Bharat Mudgal
Analyst, stockMode Networks
India
bharatmudgal@stockMode.com

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