Key Points
Personal care major Marico Ltd. today reported a 4.9% increase in its profit after tax (PAT) for the January-March quarter..
The Mumbai-headquarter companys PAT grew to Rs 320 crore during the quarter, over Rs 305 crore it had posted in the corresponding quarter previous year...
While, its revenue from operations remained flat at Rs 2,278 crore - growing 1.7% over Rs 2,240 crore in March 2023 quarter..
Saffola edible oils registered mid-single digit volume growth, while its foods business logged 24% value growth yoy..
In the domestic business, we expect a gradually improving growth trajectory in the core categories through ongoing initiatives to enhance GT [general trade] channel partner profitability and transformative expansion in direct reach via Project SETU, while we aggressively drive the profitable scale up of Foods and Digital-first brands, Saugata Gupta, Managing Director & CEO of Marico said in statement..
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