Comments
Home-grown FMCG maker Marico Industries posted an 18 per cent growth in its consolidated PAT at Rs 214 crore during the quarter ending September 30, 2018. The quarterly sales grew by 20 per cent at Rs 1837 crore with an underlying volume growth of 6 per cent on back of improved international business and rural sales, price hikes and new product launches.
However, the volume growth at 6 per cent was a dampener because of the decline in CSD sales during the September quarter.
Value growth for the quarter was driven by price hikes taken in the core portfolios in response to rising input costs, the company said in a statement.
Saugata Gupta, MD & CEO said, “In addition to the healthy topline and bottom-line growth, we are enthused by the distinctive new products launched during the quarter. With the innovation engine revving up, we are committed to stepping up the investments behind building our brands and enhancing capabilities especially in the area of premiumisation and new channels.”
The International business posted a broad-based constant currency growth of 11%, led by volume growth of 8%. About 22 per cent of the company’s overall sales comes from overseas markets such as Bangladesh, Vietnam, South Africa and Mena.
Advertising and promotional spends was up 11% during the quarter compared to the year ago period.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.