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Marico Q4 profit rises 25.5% at Rs170.91 crore

LiveMint logoLiveMint 02-05-2017 PTI

New Delhi: FMCG firm Marico on Tuesday reported a 25.50% increase in consolidated net profit at Rs170.91 crore for the fourth quarter ended 31 March 2017 on account of growth in domestic market.

The company had reported a net profit of Rs136.18 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%, as against Rs1,286.33 crore for the corresponding quarter of last fiscal. Its total expenses were down 1.55% to Rs1,090.01 crore as against Rs1,107.21 crore.

During the period, Marico’s domestic sales were up 5.91% to Rs1,035.24 crore as against Rs977.47 crore for the corresponding quarter of 2015-16. However, its international business in the fourth quarter was down 8.36% to Rs286.91 crore as against Rs313.11 crore of FY16.

For the year ended 31 March 2017, Marico reported net profit of Rs810.97 crore on consolidated basis, up 12.11%, as against Rs723.33 crore in 2015-16. However, Marico’s net sales for the fiscal was down 1.60% to Rs5,918.03 crore as against Rs6,014.80 crore in 2015-16.

Shares of Marico Ltd ended 1.30% up at Rs319 on BSE on Tuesday.

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