ANNUAL REPORT

2017-18

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MARICO OF THE FUTURE


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Who we are

With over 25 years of experience in the beauty and wellness industry and with a presence in chosen emerging markets across Asia and Africa.
Marico Limited has emerged as one of India's leading consumer products companies. It has an extensive portfolio spanning haircare, skincare, edible oils, healthy foods, male grooming and fabric care.

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16%

Topline CAGR since inception

22%

Revenue from International business

185+ mn

Households reached every month

24%

Bottomline CAGR since inception

155+ mn

Total no. of packs sold every month

5,000

Minimum population of towns mostly covered by Marico’s distribution network

Nihar Naturals Shanti Amla Badam

Now a volume market leader in Amla hair oils

>95%

A market leading position (No. 1 or No. 2)

2,348

Total number of members globally

50%

Of our talent in consumer facing functions of Technology and Marketing are women

4.7 mn

Retail outlets are serviced by Marico’s nationwide distribution network

56%

Of the total workforce are millennials

31%

Of our leadership talent in consumer facing functions of Technology and Marketing are women

1 out of every 10

Coconuts grown in India is used by Marico

Our Future-Ready Verticals

How we are
building future-ready verticals

Incubating future engines of growth

Marico’s portfolio of brands has remained the preferred choice for consumers with continuous enhancement of its offerings to meet their stated and unstated needs.

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Analytics and Automation

How we are integrating analytics and automation for a smarter tomorrow

At the heart of Marico’s digital strategy lies a transformation model that encompasses value enhancement, business process transformation, IT, consumer engagement ...

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Our Culture

How we are strengthening our culture while creating a workplace for tomorrow

At Marico, we are focused on creating a future-ready workplace...

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Our Distribution Models

How we are pioneering distribution models of the future

The Company’s Go-To-Market strategy has focused on improving the width and depth of its distribution – both direct and wholesale.

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Know our financials

 
Revenue from operations
 
(` in crore)
  • FY18 6,333
  • FY17 5,936
  • FY16 6,024
  • FY15 5,733
  • FY14 4,687

* FY16, FY17 and FY18 numbers are as per IND-AS and hence not comparable with earlier years which were as per I-GAAP

SHARE OF INTERNATIONAL
FMCG BUSINESS
 
(` in crore)
  • FY18 22
  • FY17 23
  • FY16 22
  • FY15 22
  • FY14 25
 
EBITDA MARGINS
 
(%)
  • FY18 18.0
  • FY17 19.5
  • FY16 17.5
  • FY15 15.2
  • FY14 16.0
NET PROFIT (` in crore)
  • FY18 814
  • FY17 799
  • FY16 711
  • FY15 573
  • FY14 485

* FY16, FY17 and FY18 numbers are as per IND-AS and hence not comparable with earlier years which were as per I-GAAP

EARNINGS PER SHARE
  • FY18 6.3
  • FY17 6.2
  • FY16 5.5
  • FY15 4.4
  • FY14 3.8
DEBT / EQUITY
  • FY18 0.12
  • FY17 0.10
  • FY16 0.16
  • FY15 0.23
  • FY14 0.50

How we performed

(` in crore)

2017-18 Three Months Ended Annual
Particulars 30-Jun-17 30-Sep-17 31-Dec-17 31-Mar-18 FY18
Total Revenue (Inclusive of other Income) 1,715.3 1,557.7 1,641.7 1,503.0 6,417.7
Total Expenditure 1,368.1 1,277.2 1,322.3 1,227.8 5,195.3
Profit before Finance Cost, Tax, Depreciation and Amortisation 347.2 280.5 319.5 275.1 1,222.4
Finance Cost 3.5 3.5 3.9 5.3 16.2
Depreciation and Amortisation 21.1 23.5 21.3 23.1 89.1
Profit before Share of Profit/Loss of Joint Ventures, Exceptional Items and Tax 322.6 253.5 294.3 246.8 1,117.1
Share of Profit/(Loss) of Joint Ventures (0.1) (0.6) (0.1) 0.6 (0.1)
Exceptional Items - - - - -
Profit before Tax 322.5 252.9 294.1 247.4 1,117.0
Tax Expense 86.6 67.9 70.9 64.2 289.6
Profit after Tax 235.9 185.0 223.3 183.2 827.5
Minority Interest 4.0 3.6 2.8 2.6 13.0
Net Profit attributable to Owners of the Company 232.0 181.4 220.5 180.6 814.5
Equity Share Capital 129.0 129.1 129.1 129.1 129.1
Earning per Share - (`) 1.8 1.4 1.7 1.4 6.3

What our Chairman has to say

DEAR SHAREHOLDERS,

It gives me immense pleasure to present to you the 30th Annual Report of your Company.

Harsh Mariwala

Chairman

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What is our MD & CEO’s take on reinventing Marico

DEAR SHAREHOLDERS,

I am pleased to share with you an update on the overall performance of your Company during FY2017-18.

Saugata Gupta

MD & CEO

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Sustainability

How are we fulfilling our sustainability commitments

Sustainability at Marico is driven by a vision to create long-term shareholder value by managing our risks and embracing opportunities.

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Management Discussion And Analysis

This discussion covers the financial results and other developments for the year ended March 31, 2018 in respect of Marico Consolidated, comprising its domestic and international businesses. The Consolidated entity has been referred to as ‘Marico’ or ‘Group’ or ‘Company’ in this discussion.

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