Marico has declared its results for the quarter ended December 2010. It has reported consolidated net profit of Rs 69 crore as against Rs 62 crore, a growth of 11.3% on year-on-year basis.
In an interview with CNBC-TV18, Milind Sarwate, CFO, Marico Industries, speaks about the results and gives his outlook going forward. Below is a verbatim transcript of his interview with CNBCTV18's Reema Tendulkar and Ekta Batra. Also watch the accompanying video. Q: You have seen a healthy volume growth of around 15%, but the key point is 12.2% margins that have come this time for the company, can you just take us through copra prices? How exactly the margins panned out this quarter in particular? A: Copra is a key raw material for us. While our dependence on copra has come down over the years, we still had a huge 62% increase in copra prices this quarter vis-Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
