Business Daily from THE HINDU group of publications
Thursday, Oct 25, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Oct 25, 2007 ePaper | Mobile/PDA Version |
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Corporate Results
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Personal Products Marico net up Our Bureau Mumbai, Oct. 24 Marico has posted a 61 per cent increase in net profit at Rs 42 crore (Rs 26 crore) during the second quarter. The FMCG company achieved a turnover of Rs 464 crore, an increase of 23 per cent over the corresponding quarter in the previous year. According to the company, the increase in profits was primarily due to 16 per cent organic growth, accompanied by 7 per cent inorganic growth. Healthy growth across all its businesses — the consumer products in India, international business and Kaya skin solutions — also contributed to the overall growth in profits. The board, , at its meeting held on Wednesday, declared an interim dividend of 15 per cent. More Stories on : Personal Products
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