Published 17:17 IST, October 29th 2024
Marico net profit rises 20% to Rs 433 crore in Q2
Marico's consolidated revenue from operations was up 7.6 per cent to Rs 2,664 crore during the quarter under review. It was at Rs 2,476 crore a year ago.
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Homegrown FMCG major Marico Ltd on Tuesday reported an increase of 20.27 per cent in consolidated net profit to Rs 433 crore for the September quarter.
It had posted a net profit of Rs 360 crore in the July-September quarter a year ago, Marico said in a regulatory filing.
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Its consolidated revenue from operations was up 7.6 per cent to Rs 2,664 crore during the quarter under review. It was at Rs 2,476 crore a year ago.
Total expenses of Marico, which owns popular brands like Saffola, Parachute, Livon, etc, increased 7.65 per cent in the September quarter to Rs 2,194 crore.
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Marico's total income, which includes other income, was up 9.22 per cent to Rs 2,746 crore.
Domestic revenue of the Harsh Mariwala-led company was up 8.02 per cent to Rs 1,979 crore.
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Similarly, its revenue from the international market was up 6.36 per cent to Rs 685 crore.
There is a "sequential uptick in growth in the domestic business" and the "international business continues robust show", said Marico in its earnings presentation.
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Shares of Marico Ltd on Tuesday settled at Rs 628.80 per scrip on the BSE, down 0.83 per cent from the previous close.
17:17 IST, October 29th 2024