Published
Aug 3, 2018
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Marico Q1 profit jumps 10 percent to Rs 260 crore

Published
Aug 3, 2018

Fast-moving consumer goods business Marico saw its Q1 profit jump 10 percent to Rs 260 crore ($37.9 million) for the quarter ended June 30. The company had posted a net profit of Rs 236 crore in the April-June quarter of the financial year 2017-18.
 

Marico Q1 profit jumps 10 percent at Rs 260 crore - Set Wet- Facebook


Marico’s revenue for the quarter also grew to Rs 2,051 crore from Rs 1,715 crore in the June quarter of 2017-18, Marico said in a statement.
 
The company performed exceedingly well in both the domestic and international markets with business volumes growing 12 percent and 3 percent respectively.

“The domestic business recorded broad-based volume growth, while the international business got off to a slower start,” Managing Director and Chief Executive Officer, Saugata Gupta said in a statement.
 
Commenting on the outlook, Gupta said, “The prospects for the rest of the year look encouraging as offtake growth and market shares are trending favourably. We will continue to aggressively drive growth in core and new growth engines by investing in brands and capability building.”
 
Marico is a leading Indian company in the beauty and wellness space. Its product portfolio includes hair care, skin care, health care and male grooming. The company has set a sales target of 10,000 crore rupees (approximately 1.5 billion US dollars) by 2022.

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