Q4 2024 Marico Ltd Earnings Call Transcript
Key Points
- Domestic volume growth inched up sequentially with steadying trends across the majority of the portfolio.
- 75% of the business either gained or maintained market share, and 100% sustained or enhanced penetration.
- Foods had a healthy quarter with organic foods portfolio growing in double digits.
- Premium personal care maintained its healthy growth trajectory, led by digital-first portfolio clocking an exit ARR of around INR450 crore.
- International business rebounded to double-digit constant currency growth in Q4 and is expected to retain momentum in FY25 and beyond.
- Urban growth slightly moderated while rural growth witnessed a visible uptick only towards the end of the quarter.
- Value-added hair oils were optically weak due to sluggish demand and higher competitive intensity at the bottom of the pyramid.
- General trade has been subdued by profitability pressures as a consequence of muted growth and pricing corrections in mass categories.
- The Bangladesh business faces challenges due to currency issues and overall economic conditions, despite recent recovery.
- There is a significant competitive pressure at the bottom of the pyramid in the value-added hair oils segment, impacting overall performance.
Ladies and gentlemen, good day and welcome to Marico Limited Q4 FY24 earnings conference call. We have with us the senior management of Marico represented by Mr. Saugata Gupta, MD and CEO; and Mr. Pawan Agarwal, CFO. (Operator Instructions)
Please note that this conference is being recorded. Before we get started, I would like to remind you that the Q&A session is only for institutional investors and analysts. And therefore if there is anybody else who is not an institutional investor or analyst but would like to ask questions, please directly reach out to Marico's investor relations team.
I now hand the conference over to Mr. Saugata Gupta for his opening comments. Thank you and over to you sir.
Yeah, hi. Good evening to all those who have joined the call, and hope all of you are doing well. With FY24 having come to a close, I would like to reflect on the operating environment during the year and the quarter gone by, after which I shall touch upon
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