Marico Q4 net rises 26 pc to Rs 138.43 cr

FMCG firm Marico today reported a 25.81 per cent increase in consolidated net profit at Rs 138.43 crore for the March quarter on account of growth in domestic and international markets.
The company had reported a net profit of Rs 110.03 crore in the corresponding quarter a year ago, it said in a BSE filing.
Marico's consolidated net sales during the quarter under review stood at Rs 1,302.78 crore, up 6.52 per cent, as against Rs 1,222.98 crore in the same quarter in 2014-15.
"The India business achieved a turnover of Rs 986 crore during the quarter, a value growth of about 4 per cent over Q4 FY15. The business continues to gain market share in more than 95 per cent of the portfolio on 12 months MAT basis. The volume growth in India was at 8.4 per cent for the quarter," the company said in a statement.

Its international business achieved a turnover of Rs 321 crore during the quarter, registering a growth of 11 per cent in constant currency basis.
Marico MD and CEO Saugata Gupta said, "We continued our journey of delivering sustainable profitable growth this quarter."

For the year ended March 31, 2016, Marico reported net profit of Rs 724.79 crore on consolidated basis, up 26.39 per cent, as against Rs 573.45 crore in 2014-15.
Marico's net sales for the fiscal rose 7.02 per cent to Rs 6,122.39 crore as against Rs 5,720.28 crore in 2014-15.
"Deflation and severe drought conditions may make short term growth in India a challenge. However, with prospects of a good monsoon and consumption pick up in second half of the year, we remain confident of delivering 8-10 per cent volume growth in India and a double digit constant currency growth in the international segment," Gupta added.

Shares of Marico today settled at Rs 258.30 on BSE, up 2.77 per cent up from its previous close.