Marico Q3 net up 18% at Rs 160 crore

FMCG firm Marico today reported an 18.11% increase in consolidated net profit at Rs 159.88 crore for the third quarter ended December 31, 2014.

The company had posted a net profit of Rs 135.36 crore in the corresponding period of the previous fiscal, Marico said in a filing to the BSE.

Net sales of the company rose 20.90% to Rs 1,448.92 crore for the third quarter ended December 31, 2014, as against Rs 1,198.35 crore in the same period previous fiscal.

Overall expenses stood at Rs 1,238.98 crore in the quarter under review as compared with Rs 1,019.58 crore in the same quarter a year ago.
 

In a separate filing, Marico said the company has declared a second interim dividend of Rs 1.50 per equity share of Re 1 each for the financial year 2014-15.

Shares of Marico were trading at Rs 345.10 apiece on the BSE, down 4.27% from its previous close.