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.”