Fmcg Stocks Lose Charm In The Second Quarter

Marico Industries reported 25 per cent dip in its net profits for the first quarter ended June 1999. The company's post tax profit was pegged at Rs 6 crore. Marico achieved a turnover of Rs 135 crore from sales and services during the quarter ended June 30, 1999. description" content="Bata India Ltd has registered a 27.86 per cent (decline in net profit for its second cluarter erided June 30, it Rs 13.05 crore crore compared with Rs 18.09 crore in the same period of the previous year. The drop was primarily because of a rise in tax provision to Rs 7.89 crore (Rs 2.11 crore). Profit before tax, however, improved to Rs 20.94 crore (Rs 20.20 crore). Net sales grew 6.9 per cent to Rs 235.40 crore (Rs 220.20 crore). Gross profit improved by 4.5 per cent to Rs 24.12 crore (Rs 23.08 crore).">