The Hindu Business Line : Marico consolidated net rises 45%

Strong growth across its key brands has led Marico Ltd to register a 45 per cent increase in consolidated net profit at Rs 40.7 crore from Rs 28 crore for the quarter ending in March. Consolidated net sales grew by 18 per cent from Rs 397 crore to Rs 468 crore. According to Mr Vinod Kamath, Chief Finance & IT, Marico Ltd, “The growth in profits was also due to the one-time extraordinary income by the sale of the Sil brand, apart from strong growth for all its bra nds. Marico Ltd has informed the Bombay Stock Exchange that its board of directors at a meeting held on April 24, 2008, inter alia, has declared a third interim dividend of 37 per cent on 60.9 crore equity shares of Re 1 each of the financial year 2007-08. —

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