FMCG firm Marico Ltd on Wednesday reported 5.85 per cent rise in consolidated net profit at Rs. 88.77 crore for the quarter ended March 31, 2014.
The company had reported net profit of Rs. 83.86 crore in the corresponding quarter a year ago, it said in a BSE filing.
Marico said results are not comparable with corresponding quarter last year as its skincare business ‘Kaya’ was demerged in October 2013.
The company had also reported exceptional item of Rs. 33.20 crore in the corresponding quarter of last fiscal.
Marico’s net sales during Q4, 2013-14 went up by 7.27 per cent at Rs. 1,069.81 crore, compared with Rs. 997.25 crore in the year-ago period.
Expenses during Q4 were at Rs. 939.33 crore, up 4.08 per cent, against Rs. 902.45 crore in the same quarter last year.
Shares of Marico were trading at Rs. 202 apiece in the afternoon trade on the BSE, down 0.49 per cent from its previous close.
