Home Food Marico Q3 profit rises 13 pc to Rs 252 cr

Marico Q3 profit rises 13 pc to Rs 252 cr

By  
SHARE

FMCG firm on Tuesday reported 12.72 percent increase in consolidated net profit at Rs 251.7 crore for the quarter ended December 2018. The company had posted a net profit of Rs 223.28 crore during October-December period of the previous fiscal.

Marico Q3 profit rises 13 pc to Rs 252 cr
Total income during the latest quarter stood at Rs 1,882.54 crore, up 14.61 percent from Rs 1,642.49 crore reported in the year-ago period

Total income during the latest quarter stood at Rs 1,882.54 crore, up 14.61 percent from Rs 1,642.49 crore reported in the year-ago period, Marico said in a BSE filing.

Revenue from operations grew 15 percent year-on-year to Rs 1,861 crore (US$ 258 million), with an underlying domestic volume growth of 5 percent and constant currency growth of 11 percent in international business.

“Value growth was driven by price hikes taken in the core portfolios in response to rising input costs and favourable forex impact on translation of overseas revenues,” it added.

The international business turnover stood at Rs 412 crore in the third quarter of this fiscal. The FMCG business in India achieved a turnover of Rs 1,449 crore. The company also announced a second interim dividend of Rs 2.75 per equity share.