FMCG major Marico Ltd reported a 15 percent rise in net profit at Rs 427 crore ($52 million) for the quarter ended June, as against Rs 371 crore in the year-ago period.
The company’s revenue for the quarter was Rs 2,477 crore, as against Rs 2,558 crore posted in the corresponding period of the previous fiscal year.
The company’s revenue from the India business was Rs 1,827 crore while the international business contributed Rs 650 crore to its overall revenue.
Commenting on the results, Saugata Gupta, managing director CEO of Marico Ltd in a statement said, “The year has started on a mixed note with domestic volume growth marred by one-offs, while the international business was resilient in a challenging environment. However, we remain confident of an improving trajectory of growth in the domestic business and sustained momentum in the international business. We have delivered robust margin expansion on the back of a softening input cost environment and expect to deliver healthy profitability this year.”
“We will continue to drive sustainable and profitable volume-led growth by maintaining focus on our strategic priorities of diversification, go-to-market transformation, digital capability building and fostering an inclusive organizational culture,” he added.
The Mumbai-based Marico is one of India’s leading fast moving consumer goods companies with brands like Parachute, Nihar, Saffola, Livon, and Set Wet among others.
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