Price hikes, volumes boost Marico Q3 cons net up 21% YoY

Moneycontrol Bureau

Marico's third quarter consolidated net profit rose 21% year-on-year to Rs 84.12 crore, helped by good growth in volumes and price hikes taken during the quarter to offset high input costs.

The fast moving consumer goods company's net sales during the quarter were up 29% at Rs 1,058 crore.

Analysts on average were expecting Marico to report a net profit of Rs 85 crore on revenue of Rs 994 crore, according to a CNBC-TV18 poll.

"The year witnessed steep inflation in prices of input materials