Marico gains on robust Q3 earnings

Net profit for the December 2015 quarter surged 80% at Rs 237 crore

Shares of Marico were up nearly 2% at Rs 226 after its standalone profit for the quarter ended December 2015 surged 80% to Rs 236.9 crore as against Rs 131.9 crore in the same quarter last fiscal.

Total income during the quarter increased to Rs 1,257.3 crore against Rs 1,192.9 crore in the same period last year.

On a consolidated basis, Marico posted a net profit of Rs 200.5 crore against Rs 162.2 crore while total income increased to Rs 1,556.4 crore from Rs 1,452.4 crore in the year ago quarter.

The stock opened at Rs 226 and touched a high of Rs 231. At 12:20pm, over 1.98 million shares were traded on both the stock exchanges.