Marico net up 22%

BS 200 SCORECARD

Marico Ltd has posted a net profit of Rs 20.78 crore for the quarter ended June 30 2005, up 22 per cent over Rs 16.99 crore in the corresponding period of the previous year.

Net sales and services for the quarter ended June 2005 is at Rs 272.85 crore, up 12 per cent from Rs 243.94 crore in the corresponding period of the previous year.

Flagship brand, Parachute coconut oil, grew 9 per cent in volume terms and maintained its market share above 50 per cent during the quarter ended June 2005.

The company's international fast moving consumer goods business grew 13 per cent during the quarter ended June 2005, led primarily by the Bangladesh market. The Kaya Skin Clinic business recorded a turnover of Rs 10 crore during the quarter ended June 2005.

However, as this business continues to be in the investment phase, the loss during the quarter was Rs 1.83 crore, a media release from Marico said.

Marico's market capitalisation improved from Rs 754 crore as on March 31 2004 to Rs 1439 crore as on June 30 2005, a rise of 90 per cent.