Marico jumps 5% on robust Q3 results

NEW DELHI: Shares of Marico Ltd surged over 5% on Friday after the FMCG firm reported a consolidated net profit of Rs 84.11 crore for the third quarter ended December, 2011. The company had posted a net profit of Rs 69.52 crore in the corresponding period of previous fiscal.

Net sales of the company during the quarter rose to Rs 1,057.81 crore, Marico said in a filing to the BSE. It stood at Rs 817.73 crore in the same period previous fiscal.

At 11:00 a.m., shares of the company were trading 5.7% higher at Rs 162.25. The stock has hit a high of Rs 164.25 and a low of Rs 153.50 so far in trade.