Marico net up 15% at Rs 85 cr

FMCG firm Marico registered a 15% year-on-year rise in its consolidated net profit at Rs 85 crore for the quarter ended June 30, 2011. During the period, the net sales grew 33% to Rs 1,048.6 crore.

FMCG firm Marico registered a 15% year-on-year rise in its consolidated net profit at Rs 85 crore for the quarter ended June 30, 2011. During the period, the net sales grew 33% to Rs 1,048.6 crore.

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The growth was seen across the three business units. The Indian consumer products business registered 15% growth in volume terms — key contributors being Parachute Coconut Oil (in rigid packs) at 10%, Saffola Oils at 15% and hair oils at 32%.