Marico Q3 net rises 21% to Rs.104 cr, sales up 11%
FMCG firm Marico on Friday registered a 21.4% surge in its consolidated net profit to Rs.104.55 crore for the third quarter ended December 31, 2012. HT reports.business Updated: Feb 01, 2013 21:57 IST
FMCG firm Marico on Friday registered a 21.4% surge in its consolidated net profit to Rs.104.55 crore for the third quarter ended December 31, 2012.
The maker of haircare products and cooking oil saw its sales surge 11% to Rs.1,164 crore for the third quarter.
The company stated that the current quarter results were not comparable to the corresponding figures of previous year as the current quarter includes the financial results of Marico Consumer Care Ltd (MCCL) as well.
"The international business posted a flat performance on the topline front due to challenging business environment in some of the countries in which the company has operations," said V Srinivasan (Research Analyst, Angel Broking).
"On a constant currency basis the company posted a de-growth of 3% yoy on the topline front due to de-growth in Middle East and strikes in Bangaladesh," he added.