1. Marico net rises 11.71%

Marico net rises 11.71%

FMCG company Marico, maker of Saffola edible oil, on Friday reported an 11.71% year-on-year increase in consolidated...

By: | Mumbai | Updated: November 8, 2014 1:26 AM

FMCG company Marico, maker of Saffola edible oil, on Friday reported an 11.71% year-on-year increase in consolidated net profit to R118.26 crore for the second quarter ended September 30.

The company, which sells Parachute oil, posted a 27.96% jump in consolidated net income to R1,431.17 crore against R1,118.41 crore in the same quarter last fiscal. Saugata Gupta, MD & CEO, Marico, said, ”Our continued investment in driving organic growth is expected to result in further strengthening the core and expanding the new product initiates successfully. I expect these green shoots to enable us to stay on course to meet our challenging medium- term aspirations.”

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