Marico Q2 PAT seen up 38% at Rs 108 crore

MUMBAI: FMCG major Marico’s consolidated net profit for the September 2012 quarter is seen at Rs 108 crore, up 38 per cent, against Rs 78.2 crore in the corresponding quarter a year ago, according to an ET Now poll.

The consolidated net sales are seen at Rs 1,161 crore, up 19 per cent, from Rs 974 crore in the year ago period.

EBIDTA is seen at Rs 158 crore, up 35 per cent, from Rs 116.6 crore, year-on-year (YoY) while EBIDTA margins are seen at 13.6 per cent compared to 11.96 per cent.

Factors to watch:

Sales growth to be led by volume growth

Contribution of Paras business in sales to be around Rs 40 crore

Expect double digit volume growth (market estimates ranging between 10 and 13 per cent)

Expect double digit volume growth in Hair, Saffola and 8-10 per cent in Parachute

Operating performance to be good during the quarter

Softening of copra prices to aid EBIDTA margins

Copra prices fell 33 per cent, YoY

International & Kaya business to post muted performance

Launched Saffola Museli during the quarter in breakfast cereal market