
Marico Ltd
NSE:MARICO

Income Statement
Earnings Waterfall
Marico Ltd
Revenue
|
103.8B
INR
|
Cost of Revenue
|
-50.9B
INR
|
Gross Profit
|
52.9B
INR
|
Operating Expenses
|
-33.4B
INR
|
Operating Income
|
19.6B
INR
|
Other Expenses
|
-3.5B
INR
|
Net Income
|
16B
INR
|
Income Statement
Marico Ltd
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
55 788
N/A
|
57 330
+3%
|
58 599
+2%
|
58 823
+0%
|
59 602
+1%
|
60 245
+1%
|
60 216
0%
|
60 108
0%
|
58 972
-2%
|
59 359
+1%
|
58 559
-1%
|
59 494
+2%
|
61 570
+3%
|
63 331
+3%
|
66 675
+5%
|
69 680
+5%
|
72 051
+3%
|
73 340
+2%
|
74 732
+2%
|
74 654
0%
|
74 280
-1%
|
73 150
-2%
|
70 740
-3%
|
72 340
+2%
|
75 320
+4%
|
80 480
+7%
|
86 480
+7%
|
90 780
+5%
|
93 630
+3%
|
95 120
+2%
|
95 450
+0%
|
96 220
+1%
|
96 850
+1%
|
97 640
+1%
|
96 830
-1%
|
96 630
0%
|
96 150
0%
|
96 530
+0%
|
98 190
+2%
|
100 070
+2%
|
103 790
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(30 393)
|
(33 646)
|
(31 942)
|
(31 561)
|
(31 164)
|
(33 155)
|
(29 462)
|
(28 714)
|
(28 047)
|
(30 874)
|
(28 781)
|
(30 078)
|
(31 907)
|
(36 177)
|
(36 412)
|
(38 555)
|
(39 864)
|
(40 170)
|
(39 844)
|
(38 767)
|
(38 050)
|
(38 040)
|
(35 920)
|
(37 050)
|
(39 040)
|
(43 150)
|
(47 690)
|
(51 270)
|
(53 550)
|
(54 860)
|
(53 530)
|
(53 680)
|
(53 730)
|
(54 060)
|
(51 840)
|
(50 030)
|
(48 230)
|
(48 040)
|
(47 710)
|
(48 560)
|
(50 870)
|
|
Gross Profit |
25 395
N/A
|
23 684
-7%
|
26 658
+13%
|
27 263
+2%
|
28 438
+4%
|
27 089
-5%
|
30 753
+14%
|
31 393
+2%
|
30 925
-1%
|
28 486
-8%
|
29 779
+5%
|
29 417
-1%
|
29 664
+1%
|
27 154
-8%
|
30 264
+11%
|
31 126
+3%
|
32 187
+3%
|
33 170
+3%
|
34 888
+5%
|
35 887
+3%
|
36 230
+1%
|
35 110
-3%
|
34 820
-1%
|
35 290
+1%
|
36 280
+3%
|
37 330
+3%
|
38 790
+4%
|
39 510
+2%
|
40 080
+1%
|
40 260
+0%
|
41 920
+4%
|
42 540
+1%
|
43 120
+1%
|
43 580
+1%
|
44 990
+3%
|
46 600
+4%
|
47 920
+3%
|
48 490
+1%
|
50 480
+4%
|
51 510
+2%
|
52 920
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(17 726)
|
(15 702)
|
(18 269)
|
(18 554)
|
(19 193)
|
(16 823)
|
(20 652)
|
(21 039)
|
(20 730)
|
(17 441)
|
(19 593)
|
(19 196)
|
(19 147)
|
(16 617)
|
(19 483)
|
(19 985)
|
(20 525)
|
(21 210)
|
(21 993)
|
(22 528)
|
(22 790)
|
(21 790)
|
(21 460)
|
(21 550)
|
(22 180)
|
(22 790)
|
(24 110)
|
(24 490)
|
(24 880)
|
(24 800)
|
(26 060)
|
(26 620)
|
(26 980)
|
(27 010)
|
(27 980)
|
(28 970)
|
(29 750)
|
(29 790)
|
(31 330)
|
(32 130)
|
(33 360)
|
|
Selling, General & Administrative |
(9 469)
|
(14 019)
|
(9 665)
|
(9 916)
|
(10 256)
|
(14 990)
|
(11 113)
|
(11 297)
|
(11 111)
|
(15 240)
|
(10 191)
|
(9 929)
|
(9 928)
|
(14 415)
|
(10 168)
|
(10 396)
|
(10 783)
|
(11 250)
|
(11 907)
|
(12 243)
|
(12 400)
|
(19 580)
|
(11 310)
|
(11 330)
|
(11 730)
|
(20 190)
|
(13 210)
|
(13 420)
|
(13 680)
|
(22 220)
|
(14 120)
|
(14 440)
|
(15 110)
|
(24 070)
|
(13 990)
|
(14 750)
|
(14 760)
|
(26 670)
|
(17 450)
|
(17 930)
|
(18 580)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
(52)
|
0
|
0
|
0
|
(73)
|
0
|
0
|
0
|
(56)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(873)
|
(855)
|
(828)
|
(844)
|
(838)
|
(867)
|
(969)
|
(957)
|
(941)
|
(894)
|
(906)
|
(932)
|
(932)
|
(853)
|
(903)
|
(892)
|
(1 171)
|
(1 320)
|
(1 446)
|
(1 572)
|
(1 400)
|
(1 380)
|
(1 390)
|
(1 370)
|
(1 410)
|
(1 380)
|
(1 380)
|
(1 380)
|
(1 380)
|
(1 360)
|
(1 420)
|
(1 460)
|
(1 490)
|
(1 540)
|
(1 550)
|
(1 570)
|
(1 600)
|
(1 570)
|
(1 630)
|
(1 650)
|
(1 670)
|
|
Other Operating Expenses |
(7 384)
|
(827)
|
(7 776)
|
(7 794)
|
(8 099)
|
(914)
|
(8 570)
|
(8 784)
|
(8 678)
|
(1 234)
|
(8 495)
|
(8 334)
|
(8 286)
|
(1 292)
|
(8 412)
|
(8 698)
|
(8 572)
|
(8 640)
|
(8 641)
|
(8 714)
|
(8 990)
|
(830)
|
(8 760)
|
(8 850)
|
(9 040)
|
(1 220)
|
(9 520)
|
(9 690)
|
(9 820)
|
(1 220)
|
(10 520)
|
(10 720)
|
(10 380)
|
(1 400)
|
(12 440)
|
(12 650)
|
(13 390)
|
(1 550)
|
(12 250)
|
(12 550)
|
(13 110)
|
|
Operating Income |
7 669
N/A
|
7 982
+4%
|
8 387
+5%
|
8 707
+4%
|
9 244
+6%
|
10 267
+11%
|
10 103
-2%
|
10 356
+3%
|
10 196
-2%
|
11 044
+8%
|
10 185
-8%
|
10 220
+0%
|
10 516
+3%
|
10 537
+0%
|
10 780
+2%
|
11 141
+3%
|
11 663
+5%
|
11 960
+3%
|
12 896
+8%
|
13 359
+4%
|
13 440
+1%
|
13 320
-1%
|
13 360
+0%
|
13 740
+3%
|
14 100
+3%
|
14 540
+3%
|
14 680
+1%
|
15 020
+2%
|
15 200
+1%
|
15 460
+2%
|
15 860
+3%
|
15 920
+0%
|
16 140
+1%
|
16 570
+3%
|
17 010
+3%
|
17 630
+4%
|
18 170
+3%
|
18 700
+3%
|
19 150
+2%
|
19 380
+1%
|
19 560
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(240)
|
130
|
(204)
|
(190)
|
(195)
|
(142)
|
(221)
|
(205)
|
(192)
|
369
|
(157)
|
(177)
|
(173)
|
635
|
(178)
|
(187)
|
(317)
|
(410)
|
(480)
|
(550)
|
(500)
|
780
|
(490)
|
(450)
|
(400)
|
540
|
(330)
|
(350)
|
(380)
|
640
|
(410)
|
(460)
|
(500)
|
700
|
(630)
|
(680)
|
(730)
|
680
|
(730)
|
(640)
|
(580)
|
|
Non-Reccuring Items |
0
|
14
|
0
|
0
|
0
|
(64)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(33)
|
0
|
0
|
0
|
0
|
(190)
|
(190)
|
(190)
|
(310)
|
540
|
210
|
210
|
120
|
(510)
|
(180)
|
(180)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
192
|
0
|
0
|
0
|
28
|
0
|
0
|
0
|
20
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
280
|
0
|
0
|
0
|
150
|
0
|
0
|
0
|
|
Total Other Income |
532
|
91
|
725
|
782
|
843
|
34
|
891
|
964
|
1 035
|
52
|
932
|
899
|
840
|
11
|
857
|
935
|
979
|
1 030
|
1 070
|
1 128
|
1 200
|
(50)
|
1 150
|
1 070
|
1 020
|
30
|
1 010
|
990
|
970
|
(90)
|
880
|
820
|
1 000
|
(120)
|
1 730
|
1 920
|
1 950
|
(160)
|
1 330
|
1 770
|
1 760
|
|
Pre-Tax Income |
7 961
N/A
|
8 217
+3%
|
8 908
+8%
|
9 301
+4%
|
9 893
+6%
|
10 287
+4%
|
10 773
+5%
|
11 115
+3%
|
11 039
-1%
|
11 487
+4%
|
10 960
-5%
|
10 941
0%
|
11 182
+2%
|
11 170
0%
|
11 458
+3%
|
11 888
+4%
|
12 324
+4%
|
12 580
+2%
|
13 296
+6%
|
13 747
+3%
|
13 950
+1%
|
13 740
-2%
|
14 560
+6%
|
14 570
+0%
|
14 930
+2%
|
15 230
+2%
|
14 850
-2%
|
15 480
+4%
|
15 610
+1%
|
16 010
+3%
|
16 330
+2%
|
16 280
0%
|
16 640
+2%
|
17 430
+5%
|
18 110
+4%
|
18 870
+4%
|
19 390
+3%
|
19 370
0%
|
19 750
+2%
|
20 510
+4%
|
20 740
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2 312)
|
(2 368)
|
(2 671)
|
(2 748)
|
(2 903)
|
(3 054)
|
(3 143)
|
(3 207)
|
(3 271)
|
(3 377)
|
(3 171)
|
(3 110)
|
(3 038)
|
(2 896)
|
(2 943)
|
(3 040)
|
(3 222)
|
(1 260)
|
(1 427)
|
(1 531)
|
(1 460)
|
(3 310)
|
(3 400)
|
(3 210)
|
(3 210)
|
(3 240)
|
(3 090)
|
(3 290)
|
(3 370)
|
(3 460)
|
(3 660)
|
(3 700)
|
(3 900)
|
(4 210)
|
(4 300)
|
(4 530)
|
(4 520)
|
(4 350)
|
(4 350)
|
(4 380)
|
(4 410)
|
|
Income from Continuing Operations |
5 649
|
5 849
|
6 237
|
6 553
|
6 989
|
7 233
|
7 629
|
7 906
|
7 767
|
8 110
|
7 788
|
7 831
|
8 145
|
8 275
|
8 516
|
8 849
|
9 102
|
11 320
|
11 869
|
12 216
|
12 490
|
10 430
|
11 160
|
11 360
|
11 720
|
11 990
|
11 760
|
12 190
|
12 240
|
12 550
|
12 670
|
12 580
|
12 740
|
13 220
|
13 810
|
14 340
|
14 870
|
15 020
|
15 400
|
16 130
|
16 330
|
|
Income to Minority Interest |
(126)
|
(114)
|
(107)
|
(110)
|
(114)
|
(119)
|
(120)
|
(122)
|
(122)
|
(124)
|
(125)
|
(125)
|
(126)
|
(130)
|
(134)
|
(138)
|
(155)
|
(170)
|
(195)
|
(215)
|
(210)
|
(220)
|
(220)
|
(250)
|
(260)
|
(270)
|
(290)
|
(270)
|
(290)
|
(300)
|
(270)
|
(260)
|
(240)
|
(200)
|
(230)
|
(240)
|
(220)
|
(210)
|
(220)
|
(250)
|
(290)
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
(2)
|
0
|
(2)
|
(4)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
5 523
N/A
|
5 735
+4%
|
6 131
+7%
|
6 444
+5%
|
6 875
+7%
|
7 115
+3%
|
7 508
+6%
|
7 781
+4%
|
7 640
-2%
|
7 986
+5%
|
7 665
-4%
|
7 710
+1%
|
8 026
+4%
|
8 145
+1%
|
8 382
+3%
|
8 710
+4%
|
8 946
+3%
|
11 150
+25%
|
11 673
+5%
|
12 001
+3%
|
12 280
+2%
|
10 210
-17%
|
10 940
+7%
|
11 110
+2%
|
11 460
+3%
|
11 720
+2%
|
11 470
-2%
|
11 920
+4%
|
11 950
+0%
|
12 250
+3%
|
12 400
+1%
|
12 320
-1%
|
12 500
+1%
|
13 020
+4%
|
13 580
+4%
|
14 100
+4%
|
14 650
+4%
|
14 810
+1%
|
15 180
+2%
|
15 880
+5%
|
16 040
+1%
|
|
EPS (Diluted) |
4.29
N/A
|
4.44
+3%
|
4.82
+9%
|
5.12
+6%
|
5.41
+6%
|
5.53
+2%
|
5.91
+7%
|
6.15
+4%
|
6.02
-2%
|
6.2
+3%
|
5.94
-4%
|
5.97
+1%
|
6.22
+4%
|
6.32
+2%
|
6.5
+3%
|
6.75
+4%
|
6.88
+2%
|
8.64
+26%
|
9.04
+5%
|
9.33
+3%
|
9.5
+2%
|
7.91
-17%
|
8.46
+7%
|
8.62
+2%
|
8.87
+3%
|
9.08
+2%
|
8.89
-2%
|
9.23
+4%
|
9.25
+0%
|
9.48
+2%
|
9.6
+1%
|
9.49
-1%
|
9.66
+2%
|
10.05
+4%
|
10.49
+4%
|
10.9
+4%
|
11.33
+4%
|
11.43
+1%
|
11.73
+3%
|
12.23
+4%
|
12.34
+1%
|