Marico has reported a 46 per cent growth in net profit at Rs 124 crore (Rs 85 crore) in the quarter ended June 30.

Net sales increased by 22 per cent from Rs 1,043 crore to Rs 1,270 crore.

According to Chaitanya Deshpande, Executive Vice-President, Marico, “Gross margin expansion and top line volume growth of 14 per cent led to the growth in profit.”

The FMCG company recorded growth in turnover across its three business units. The Indian Consumer Products Business grew by 23 per cent in value and 16 per cent in volume terms. Marico’s International business posted a growth of 17 per cent. Kaya skin care solutions’ business grew 29 per cent on an overall basis led by same-store growth of 12 per cent in India and West Asia put together. purvita@thehindu.co.in

(This article was published on August 3, 2012)
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