The company's consolidated net profit grew to Rs 40.7 crore for the quarter due to one-time gain of Rs 10.6 crore from the divestment of its Sil business. Its consolidated operating profit for the quarter grew 37 per cent year-on-year to Rs 44.69 per cent and total income grew 16.6 per cent to Rs 471.23 crore.
Vinod Kamath, chief (finance and IT), said "In spite of volatile raw material costs, we could deliver a healthy organic growth driven by volumes. In the coming quarters we would focus on growing organically in all our business divisions."
The company's raw material costs went up 24.3 per cent for the quarter. For the year ended March 2008, Marico's revenues grew 22.4 per cent to Rs 1,907 crore during FY08. The growth comprised 17 per cent organic growth accompanied by 5 per cent inorganic growth.
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