Marico profit rises 28% in Q1

FMCG company Marico has reported a 28 per cent increase in consolidated net profit at ₹238 crore for the first quarter ended June 30. Revenue from operations during the quarter increased by 10 per cent at ₹1,783 crore. The domestic business recorded a value growth of 12 per cent, while the international business posted a growth of four per cent. Shares of Marico dropped by 0.61 per cent and closed at ₹439.50 on Wednesday.