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.
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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.
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