Marico Q1 PAT down 6% YoY to Rs 365 cr on steep rise in input costs

Net sales up 31.2% on a low base to Rs 2,525 cr, volumes grow 21%

Mumbai-based personal care major Marico reported 6 per cent year-on-year (Y0Y) decline in its profit after tax (PAT) for the April-June quarter. The firm’s net profit stood at Rs 365 crore, down from Rs 388 crore in the corresponding quarter last year.

Its net sales surged 31.2 per cent on a low base to Rs 2,525 crore, from Rs 1,925 crore in last June. Marico, which got 79 per cent of its sales from the domestic market, said its volumes grew by 21 per cent over last year in the local market. Over 90 per cent of its portfolio gained