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Marico Q3 net profit up 16% at Rs 223 crore

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FMCG firm Marico today reported a 16.51 per cent increase in its consolidated net profit at Rs 223.28 crore for the quarter ended December 2017 on higher expenses.

The company had posted a net profit of Rs 191.64 crore during the October-December quarter of the previous fiscal, Marico said in a BSE filing.

Total income during the quarter under review stood at Rs 1,641.74 crore. It was Rs 1,439.99 crore in the year-ago period.

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The company also announced a second interim equity dividend for financial year 2017-18 at Rs 2.5 per equity share of Re 1 each.

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Expenses during the quarter were Rs 1,347.47 crore against Rs 1,170.03 crore in the year-ago period.

Marico stock closed 0.53 per cent down at Rs 298.45 apiece on BSE.

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