FMCG firm Marico today posted a 15.28 per cent rise in consolidated net profit at Rs 85 crore for the quarter ended June 30, 2011.
The company had reported a consolidated net profit of Rs 73.73 crore for the quarter ended June 30, 2010, Marico said in a filing to the Bombay Stock Exchange.
During the period under review, the firm’s net sales stood at Rs 1,048.61 crore, a 33.17 per cent increase from Rs 787.40 crore in the corresponding quarter last fiscal.
The company’s advertising and sales promotion spend increased 9.1 per cent to Rs 102.32 crore, while its consumption of raw material increased to Rs 450.58 crore (Rs 318.09 crore).
On a standalone basis, Marico’s net profit stood at Rs 81.61 crore during the quarter, a 20.7 per cent increase from Rs 67.57 crore in the corresponding year-ago period. The firm’s standalone net sales jumped 38.05 per cent to Rs 807.59 crore (Rs 584.99 crore).
Shares of Marico were being quoted at Rs 171.95 apiece during afternoon trade on the BSE, a 9.91 per cent increase vis a vis their previous close.