Marico Q1 net up 15.28% at Rs 85 crore
FMCG firm Marico on Wednesday posted a 15.28 per cent rise in consolidated net profit to Rs 85 crore for the quarter.
By PTI | Updated:
NEW DELHI: FMCG firm Marico on Wednesday posted a 15.28 per cent rise in consolidated net profit to Rs 85 crore for the quarter ended June 30, 2011.
The company had reported a consolidated net profit of Rs 73.73 crore for the quarter ended June 30, 2010, Marico said in a filing to the Bombay Stock Exchange.
During the period under review, the firm's net sales stood at Rs 1,048.61 crore, a 33.17 per cent increase from Rs 787.40 crore in the corresponding quarter last fiscal.
The company's advertising and sales promotion spend increased by 9.1 per cent to Rs 102.32 crore during the quarter, while its consumption of raw material increased to Rs 450.58 crore from Rs 318.09 crore.
On a standalone basis, Marico's net profit stood at Rs 81.61 crore during the quarter, a 20.7 per cent increase from Rs 67.57 crore in the corresponding year-ago period. The firm's standalone net sales jumped by 38.05 per cent to Rs 807.59 crore from Rs 584.99 crore in the year-ago period.
Shares of Marico were being quoted at Rs 171.95 apiece during afternoon trade on the BSE, a 9.91 per cent increase vis-a-vis their previous close.
The company had reported a consolidated net profit of Rs 73.73 crore for the quarter ended June 30, 2010, Marico said in a filing to the Bombay Stock Exchange.
During the period under review, the firm's net sales stood at Rs 1,048.61 crore, a 33.17 per cent increase from Rs 787.40 crore in the corresponding quarter last fiscal.
The company's advertising and sales promotion spend increased by 9.1 per cent to Rs 102.32 crore during the quarter, while its consumption of raw material increased to Rs 450.58 crore from Rs 318.09 crore.
On a standalone basis, Marico's net profit stood at Rs 81.61 crore during the quarter, a 20.7 per cent increase from Rs 67.57 crore in the corresponding year-ago period. The firm's standalone net sales jumped by 38.05 per cent to Rs 807.59 crore from Rs 584.99 crore in the year-ago period.
Shares of Marico were being quoted at Rs 171.95 apiece during afternoon trade on the BSE, a 9.91 per cent increase vis-a-vis their previous close.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
