New Delhi : FMCG firm Marico Ltd reported a 28.36% increase in consolidated net profit of Rs 237.83 crore for the first quarter ended June 30.
Marico’s net sales rose by 10% to Rs 1,781.47 crore. “The overall sales growth was bolstered by strong growths in the focused rigid bottle segment of coconut oil and value added hair oil portfolio,” the company said. Marico’s domestic business grew by 12% in the quarter while International business posted a growth of 4%. Its overall expenses stood at Rs 1,478.53 crore.