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HomeUncategorizedMarico Reports Q1 Net at Rs. 185 Crore; Shares Fall

Marico Reports Q1 Net at Rs. 185 Crore; Shares Fall

FMCG firm Marico Ltd reported a consolidated net profit of Rs. 185.27 crore for the quarter ended June 30 on the back of net sales of Rs. 1,619.23 crore.

In the same period of the previous fiscal, the company had posted a net profit of Rs. 157.72 crore and net sales of Rs. 1,379.66 crore, it said in a BSE filing.

Marico said results are not comparable with corresponding quarter last year as its skincare business ‘Kaya’ was demerged in October 2013.

Overall expenses during the quarter stood at Rs. 1,376.85 crore as against Rs. 1,173.28 crore in the same quarter last year.

Shares of Marico closed 1.7 per cent lower at Rs. 255.10 apiece on Monday as against 1.07 per cent gain in Nifty.

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