FMCG major Marico Ltd witnessed a 14 percent rise in its consolidated net profit at Rs 227 crore ($30.8 million) for the March 2021 quarter, as against a net profit of Rs 199 crore in the year-ago period.
The company’s revenue for the quarter grew by 34 percent to Rs 2,012 crore, as against Rs 1,496 crore in the corresponding period of the previous year.
Marico’s expenses for the March quarter rose by 37 percent to Rs 1,739 crore, as against last year’s Rs 1,265 crore.
“In Q4 FY21, revenue from operations grew by 34 percent backed by robust volume growth of 25 percent in the domestic business and constant currency growth of 23 percent in the international business,” Marico said in a post earning statement.
“In the International business, Bangladesh clocked 20 percent constant currency growth. South-East Asia also reverted to positive territory with 13 percent constant currency growth. MENA and South Africa also gained on a low base,” it added.
Mumbai-based Marico is one of India’s leading consumer products companies, with a strong presence in the beauty and personal care segments.
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