Consumer products company Marico posted a 29.68% increase in consolidated net profit, including the company's international business operations, at Rs 28.40 crore for the third quarter ended December 31, 2006 as against Rs 21.90 crore Q3FY06.The consolidated net sales during the quarter rose by 36.16% at Rs 409.20 crore as compared to Rs 300.52 crore for the corresponding quarter in 2005.On a stand alone basis, the company posted a net profit increase of 23.14% in net profit at Rs 30.70 crore for the third quarter ended December 31, 2006 as against Rs 24.93 crore in Q3FY06.Net sales and services for the period were higher by 29.41% at Rs 353.88 crore as compared to Rs 273.44 crore in 2005.Marico's turnover during the 9-month April-December period dipped slightly at Rs 1,035.92 crore, as against Rs 1,044.91 crore during the corresponding period last year.Milind Sarwate, CFO, Marico, said that about 20% of the company's growth was organic and 15% inorganic.During the quarter, the board approved a share split of the Rs 10 shares into ten shares of Re 1 each. The company also raised Rs 151 crore through a private placement of 29 lakh equity shares during the quarter. Marico acquired hair products brand HairCode in Egypt in December.
