Beauty and wellness company Marico has recorded a net profit growth of 15.2 per cent for the first quarter ended June 2008 led by volume growth in key categories like hair oil and edible oil.
Its consolidated net profit for the quarter was Rs 46.3 crore compared with Rs 40.2 crore in the same quarter last year. Net sales grew by 28.1 per cent to Rs 600.9 crore as against Rs 469.1 crore in the same period last year.
Carborundum profit falls 2%
Carborundum Universal (Cumi), a part of the Rs 10,000-crore Murugappa Group, has reported a 2 per cent fall in its net profit for the first quarter ended June 2008 due to sharp a rise in input costs.
During the quarter, Cumi's net profit fell to Rs 11.15 crore from Rs 11.42 crore in the year-ago period. Net sales during the quarter rose by 23 per cent to Rs 157.01 crore.
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