Marico Cash Flow Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	17,620	16,290	14,810	13,020	12,250
Depreciation & Amortization	2,020	1,720	1,540	1,520	1,360
Other Amortization	-	60	40	30	30
Loss (Gain) From Sale of Assets	-20	-200	-150	-280	-
Loss (Gain) From Sale of Investments	-1,530	-760	-730	-500	-290
Stock-Based Compensation	310	430	350	190	100
Provision & Write-off of Bad Debts	30	20	20	10	80
Other Operating Activities	-120	-1,000	250	790	50
Change in Accounts Receivable	-20	-2,050	-520	-3,600	-2,720
Change in Inventory	-3,520	1,010	-1,010	1,910	-2,860
Change in Accounts Payable	2,820	-2,180	1,060	990	2,100
Change in Other Net Operating Assets	3,250	290	-1,790	110	60
Operating Cash Flow	20,840	13,630	13,870	14,190	10,160
Operating Cash Flow Growth	52.90%	-1.73%	-2.25%	39.66%	-49.38%
Capital Expenditures	-3,190	-1,610	-1,530	-1,820	-1,320
Sale of Property, Plant & Equipment	70	390	180	250	30
Cash Acquisitions	-4,520	-	-1,030	-2,770	-550
Investment in Securities	180	-5,690	1,480	-3,890	3,370
Other Investing Activities	240	700	2,660	-420	2,720
Investing Cash Flow	-7,220	-6,210	1,760	-8,650	4,250
Long-Term Debt Issued	-	-	-	1,280	-
Long-Term Debt Repaid	-880	-480	-1,430	-410	-670
Net Debt Issued (Repaid)	-880	-480	-1,430	870	-670
Issuance of Common Stock	1,540	460	340	90	410
Common Dividends Paid	-9,080	-4,530	-12,290	-5,820	-11,950
Other Financing Activities	-4,370	-1,940	-2,040	-740	-690
Financing Cash Flow	-12,790	-6,490	-15,420	-5,600	-12,900
Foreign Exchange Rate Adjustments	-	-	-	-630	20
Miscellaneous Cash Flow Adjustments	-	-	-	-	140
Net Cash Flow	830	930	210	-690	1,670
Free Cash Flow	17,650	12,020	12,340	12,370	8,840
Free Cash Flow Growth	46.84%	-2.59%	-0.24%	39.93%	-52.60%
Free Cash Flow Margin	12.97%	11.10%	12.78%	12.67%	9.29%
Free Cash Flow Per Share	13.61	9.27	9.53	9.55	6.84
Cash Interest Paid	530	650	650	530	390
Cash Income Tax Paid	5,650	4,840	3,780	3,690	3,510
Levered Free Cash Flow	28,516	11,640	9,721	9,599	6,560
Unlevered Free Cash Flow	28,848	11,859	10,021	9,799	6,679
Change in Working Capital	2,530	-2,930	-2,260	-590	-3,420

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