February 01, 2013 / 14:12 IST
Mumbai-headquartered Marico's consolidated net profit rose by 21.4 percent year-on-year - slightly lower than expected - to Rs 102 crore in the third quarter of financial year 2012-13.
Consolidated net sales grew by 10 percent (below forecast) to Rs 1,164 crore from Rs 1,058 crore during the same period.
Analysts on an average were expecting net profit at Rs 107 crore on net sales of Rs 1,251 crore for the quarter.
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased more than 36 percent to Rs 166.4 crore from Rs 122 crore year-on-year.
Operating margin improved by 270 basis points - higher than expected - YoY to 14.2 percent as against analysts' forecast of 13.5 percent.
At 14:09 hours IST, shares declined 0.84 percent to Rs 225.45 amid hefty volumes on Bombay Stock Exchange on Friday.
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