Home Food Service Marico Q3 results: Net profit rises to Rs 312 crore

Marico Q3 results: Net profit rises to Rs 312 crore

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FMCG firm Marico Ltd reported a marginal increase of 1.6 % in its consolidated net profit to Rs 317 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 312 crore in the corresponding quarter a year ago, Marico said in a BSE filing.

Its revenue from operations during October-December 2021 jumped 13.43 % to Rs 2,407 crore, compared with Rs 2,122 crore in the year-ago period.

Marico’s total expenses in the December 2021 quarter stood at Rs 2,022 crore, up 15.4 % as against Rs 1,752 crore a year ago.

Revenue from the domestic market jumped 11.68 % to Rs 1,817 crore as against Rs 1,627 crore a year ago.

Marico’s revenue from international sales rose 19.19 % to Rs 590 crore, compared with Rs 495 a year.

(PTI)