Marico Ltd's Profit Soars Amid Strong Domestic Growth

Homegrown FMCG giant Marico Ltd reported a 20.27% rise in its consolidated net profit for the September quarter, reaching Rs 433 crore. This growth was buoyed by volume increases, strategic pricing, and gains from asset sales. Marico's revenue also surged, with a notable advance in its domestic business.

Marico Ltd, a leading homegrown FMCG company, reported a substantial 20.27% increase in net profit, hitting Rs 433 crore for the September quarter. This surge was driven by significant volume growth and strategic pricing, alongside gains from the sale of fixed assets.

The company showcased strong domestic market performance with revenue growing by 8.02% to Rs 1,979 crore. Key products like Parachute and Saffola contributed to this success, with Parachute achieving a 4% volume growth.

International markets also saw expansion, particularly in Bangladesh with an 8% growth. Marico's focus on diversifying its portfolio through foods and premium personal care is poised to continue, aiming for double-digit revenue growth in the upcoming fiscal periods.