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HomeNewsBusinessEarningsMarico Q4 net profit up 20% to Rs 84 cr on exceptional gain

Marico Q4 net profit up 20% to Rs 84 cr on exceptional gain

FMCG major Marico's consolidated net profit grew by 20 percent year-on-year to Rs 84 crore due to exceptional gain of Rs 33.2 crore.

May 02, 2013 / 08:42 IST
     
     
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    FMCG major Marico's consolidated net profit grew by 20 percent year-on-year to Rs 84 crore due to exceptional gain of Rs 33.2 crore.

    Consolidated total income rose lower-than-expected 8.3 percent Y-o-Y to Rs 998.6 crore in March quarter.

    Analysts on an average had expected FMCG firm to report net profit at Rs 86 crore on total income at Rs 1,058 crore.

    Also Read - ITC, Dabur & all FMCG members join Hindustan Unilever party

    The company disappointed by its operational performance. Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) increased marginally to Rs 119 crore from Rs 114 crore Y-o-Y, which was expected at Rs 139 crore.

    Operating profit margin declined to 11.9 percent in March quarter as against 12.3 percent in a year ago period, and analysts' forecast of 13.2 percent.

    first published: Apr 30, 2013 05:30 pm

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