Marico net 24% up

Marico posted 24 % increase in net profit to Rs198 crore during third quarter ended December even as sales grew 7% at Rs 1556 crore.

The company that sells Parachute hair oil and Saffola edible oil, had an overall volume growth of 10.5% with market share gains in more than 80% of its portfolio.

"The macro environment during the quarter continued to be tough. Marico, however, had a satisfactory quarter clocking double digit volume growths in India and double digit constant currency growth in international geographies," said Saugata Gupta, managing director at Marico.

EBITDA at Rs 294 crore has grown by 24% with margins at 18.9%.