Marico Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	130,080	108,310	96,530	97,640	95,120	80,480
Revenue Growth (YoY)	25.33%	12.20%	-1.14%	2.65%	18.19%	10.02%
Cost of Revenue	72,230	54,830	48,290	54,100	54,870	43,170
Gross Profit	57,850	53,480	48,240	43,540	40,250	37,310
Selling, General & Admin	21,720	19,590	16,950	14,950	13,820	12,680
Other Operating Expenses	13,460	12,480	11,020	10,450	9,570	8,705
Operating Expenses	37,120	33,850	29,550	26,950	24,780	22,775
Operating Income	20,730	19,630	18,690	16,590	15,470	14,535
Interest Expense	-300	-350	-480	-320	-190	-240
Interest & Investment Income	770	770	770	490	590	590
Earnings From Equity Investments	-	-	-	-	-	-20
Currency Exchange Gain (Loss)	60	60	-330	40	-20	-30
Other Non Operating Income (Expenses)	-70	100	-160	-120	-90	30
EBT Excluding Unusual Items	21,190	20,210	18,490	16,680	15,760	14,865
Merger & Restructuring Charges	-10	-10	-	-30	-50	-325
Impairment of Goodwill	-	-	-	-	-	-190
Gain (Loss) on Sale of Investments	760	760	730	500	300	240
Gain (Loss) on Sale of Assets	200	200	150	280	-	-
Other Unusual Items	-	-	-	-	-	640
Pretax Income	22,140	21,160	19,370	17,430	16,010	15,230
Income Tax Expense	4,640	4,580	4,350	4,210	3,460	3,240
Earnings From Continuing Operations	17,500	16,580	15,020	13,220	12,550	11,990
Minority Interest in Earnings	-360	-290	-210	-200	-300	-270
Net Income	17,140	16,290	14,810	13,020	12,250	11,720
Net Income to Common	17,140	16,290	14,810	13,020	12,250	11,720
Net Income Growth	6.86%	9.99%	13.75%	6.29%	4.52%	14.79%
Shares Outstanding (Basic)	1,293	1,293	1,292	1,292	1,291	1,290
Shares Outstanding (Diluted)	1,296	1,297	1,295	1,295	1,292	1,291
Shares Change (YoY)	-0.09%	0.09%	-0.01%	0.26%	0.09%	-0.01%
EPS (Basic)	13.25	12.59	11.46	10.08	9.49	9.08
EPS (Diluted)	13.22	12.56	11.43	10.05	9.49	9.08
EPS Growth	6.95%	9.89%	13.73%	5.90%	4.52%	14.79%
Free Cash Flow	-	12,020	12,340	12,370	8,840	18,650
Free Cash Flow Per Share	-	9.27	9.53	9.55	6.84	14.45
Dividend Per Share	7.000	10.500	9.500	4.500	9.250	7.500
Dividend Growth	100.00%	10.53%	111.11%	-51.35%	23.33%	11.11%
Gross Margin	44.47%	49.38%	49.97%	44.59%	42.32%	46.36%
Operating Margin	15.94%	18.12%	19.36%	16.99%	16.26%	18.06%
Profit Margin	13.18%	15.04%	15.34%	13.33%	12.88%	14.56%
Free Cash Flow Margin	-	11.10%	12.78%	12.67%	9.29%	23.17%
EBITDA	22,018	20,820	19,750	17,670	16,430	15,515
EBITDA Margin	16.93%	19.22%	20.46%	18.10%	17.27%	19.28%
D&A For EBITDA	1,288	1,190	1,060	1,080	960	980
EBIT	20,730	19,630	18,690	16,590	15,470	14,535
EBIT Margin	15.94%	18.12%	19.36%	16.99%	16.26%	18.06%
Effective Tax Rate	20.96%	21.64%	22.46%	24.15%	21.61%	21.27%
Revenue as Reported	131,990	110,390	97,950	99,080	96,100	81,420
Advertising Expenses	-	11,280	9,520	8,420	7,960	6,980

Source: S&P Global Market Intelligence. Standard template. Financial Sources.