New Delhi: Fast moving consumer goods (FMCG) company Marico reported a 25.81% increase in consolidated net profit at Rs 138.43 crore for the quarter ended March 31 compared to Rs.110.03 crore posted during the corresponding period in 2014-15.
Marico’s consolidated net sales was at Rs 1,302.78 crore, up 6.52%.
The FMCG business in India achieved a turnover of Rs.986 crore during the quarter and Rs.4,755 crore during the year, a growth of 4% and 7% respectively over the same period last year, the statement said.
Marico said in a statement it has judiciously utilized the benefits of lower commodity prices in improving pricing competitiveness, advertising inputs behind core categories and new products while also improving operating margins.
Saugata Gupta, MD & CEO said, “With prospects of a good monsoon & consumption pick up in second half of the year, we remain confident of delivering 8-10% volume growth in India and a double digit constant currency growth in International.”