Marico Limited reported consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on consolidated basis the company reported revenue from operations of INR 16,243.3 million against INR 14,167.1 million a year ago. EBITDA of INR 3,020 million and profit after tax of INR 2,210 million. Profit before exceptional items, share of profit of joint ventures and tax was INR 2,942.7 million against INR 2,699.6 million a year ago. Profit before tax was INR 2,941.4 million against INR 2,697.5 million a year ago. Net profit attributable to owners of the company was INR 2,205.1 million against INR 1,814.3 million a year ago. Diluted earnings per share was INR 1.71 per share against INR 1.49 per share a year ago.

For the nine months, on consolidated basis the company reported revenue from operations of INR 48,530.0 million against INR 46,137.7 million a year ago. EBITDA of INR 8,850 million and profit after tax of INR 6,340 million. Profit before exceptional items, share of profit of joint ventures and tax was INR 8,703.6 million against INR 9,000.3 million a year ago. Profit before tax was INR 8,696.0 million against INR 8,994.5 million a year ago. Net profit attributable to owners of the company was INR 6,339.1 million against INR 6,299.0 million a year ago. Diluted earnings per share was INR 4.92 per share against INR 4.97 per share a year ago.

For the quarter, on standalone basis the company reported revenue from operations of INR 13,375.9 million against INR 11,429.8 million a year ago. Profit before exceptional items and tax was INR 3,063.4 million against INR 3,524.6 million a year ago. Profit before tax was INR 3,063.4 million against INR 3,524.6 million a year ago. Net profit for the period was INR 2,401.1 million against INR 2,653.0 million a year ago. Diluted earnings per share was INR 1.86 per share against INR 2.09 per share a year ago.

For the nine months, on standalone basis the company reported revenue from operations of INR 39,675.6 million against INR 37,578.7 million a year ago. Profit before exceptional items and tax was INR 7,716.2 million against INR 9,095.3 million a year ago. Profit before tax was INR 7,716.2 million against INR 9,095.3 million a year ago. Net profit was INR 5,984.4 million against INR 6,793.2 million a year ago. Diluted earnings per share was INR 4.64 per share against INR 5.27 per share a year ago.

The estimated capital expenditure in each of the years 2018 and 2019 is likely to be around INR 1,000 million to INR 1,250 million (USD 15 million- USD 19 million). The expected effective tax rate during 2018 would be around 26%-27%. It should be noted that this tax rate is basis the accounting charge in the P&L account.