FMCG firm Marico today reported a 25.50 per cent increase in consolidated net profit at Rs 170.91 crore for the fourth quarter ended March 31, 2017 on account of growth in domestic market. The company had reported a net profit of Rs 136.18 crore in the January-March quarter a year-ago, Marico said in a BSE filing.
Marico’s consolidated net sales during the quarter under review stood at Rs 1,315.17 crore, up 2.24 per cent, as against Rs 1,286.33 crore for the corresponding quarter of last fiscal. Its total expenses were down 1.55 per cent to Rs 1,090.01 crore as against Rs 1,107.21 crore.
During the period, Marico’s domestic sales were up 5.91 per cent to Rs 1,035.24 crore as against Rs 977.47 crore for the corresponding quarter of 2015-16.
Watch this also:
However, its international business in the fourth quarter was down 8.36 per cent to Rs 286.91 crore as against Rs 313.11 crore of FY16. For the year ended March 31, 2017, Marico reported net profit of Rs 810.97 crore on consolidated basis, up 12.11 per cent, as against Rs 723.33 crore in 2015-16.
However, Marico’s net sales for the fiscal was down 1.60 per cent to Rs 5,918.03 crore as against Rs 6,014.80 crore in 2015-16. Shares of Marico Ltd ended 1.30 per cent up at Rs 319 on BSE.