FMCG company Marico has reported a 9 per cent increase in net profit at Rs 78 crore (Rs 71.56 crore) for the quarter ended September 30.
Net Sales increased by 26 per cent at Rs 974 crore (Rs 775.8crore).
According to a press release issued by the company, “A robust volume growth of 14 per cent in the domestic Consumer Products Business (despite price increases necessitated) helped achieve this revenue growth. The company continues to prioritise its consumer franchise over its margins. This consumer-centricity enabled it to sustain volume growth despite inflationary pressures in India.”
First interim dividend
The Board of Directors of Marico Ltd has declared a first interim dividend of 30 per cent on its equity share capital of Rs 61.5 crore.
The Marico scrip dropped by 0.13 per cent and closed at Rs 149.45 on Friday.