Marico Ltd Reports Robust Growth Amidst Inflation Challenges
Marico Ltd, a major player in India's FMGC sector, announced an 8.23% rise in consolidated net profit, reaching Rs 513 crore in the June quarter. The company attributes this growth to strong domestic and international market performance, despite facing high input costs and inflationary pressures.
- Country:
- India
Marico Ltd, a prominent FMGC company based in India, announced an 8.23% increase in its consolidated net profit for the June quarter, totaling Rs 513 crore. This growth was driven by volume expansion in India and impressive international market performance, as reported in their latest regulatory filing.
In comparison to the previous year's consolidated net profit of Rs 474 crore, Marico's revenue for the current quarter rose to Rs 3,259 crore from Rs 2,643 crore. Despite an increase in total expenses to Rs 2,659 crore from the previous year's Rs 2,075 crore, the company remained optimistic about progress in its financial trajectory.
Saugata Gupta, MD & CEO of Marico, highlighted the positive momentum in both Indian and international segments. Key contributors to this success include the enhanced performance of core portfolios alongside the thriving growth of their digital and food-focused brands. Gupta emphasized confidence in maintaining robust growth amidst sharp inflationary pressures, with expectations of continued strong demand supported by easing inflation and favorable policy.
(With inputs from agencies.)
ALSO READ
How Energy Price Shocks Drove Inflation Without Changing the Passthrough Mechanism
Before 2014 inflation rate used to be in double digit, it is now around 2 per cent; inflation is low and growth rate high: PM Modi.
Inflation Holds Steady at 2.7% as Govt Touts Economic Stability, Warns on Council Rates
RBI's Inflation Battle: A Path to Economic Stability
Balancing Boom and Burden: Niger’s Economic Rise Faces Inflation and Food Insecurity
Google News