FMCG firm Marico today posted a 15.28% rise in consolidated net profit to 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% increase from Rs 787.40 crore in the corresponding quarter last fiscal.
The company's advertising and sales promotion spend increased by 9.1% to Rs 102.32 crore during the quarter, while its consumption of raw material increased to Rs 450.58 crore from Rs 318.09 crore.
On a standalone basis, Marico's net profit stood at Rs 81.61 crore during the quarter, a 20.7% increase from Rs 67.57 crore in the corresponding year-ago period. The firm's standalone net sales jumped by 38.05% to Rs 807.59 crore from Rs 584.99 crore in the year-ago period.
Shares of Marico were being quoted at Rs 171.95 a piece during afternoon trade on the BSE, a 9.91% increase vis-a-vis their previous close.
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