Marico Q4 net up 6% at Rs 88.77 crore

FMCG firm Marico Ltd today reported 5.85% rise in consolidated net profit at Rs 88.77 crore for the quarter ended March 31, 2014.

The company had reported net profit of Rs 83.86 crore in the corresponding quarter a year ago, it said in a BSE filing.

Marico said results are not comparable with corresponding quarter last year as its skincare business 'Kaya' was demerged in October 2013.

The company had also reported exceptional item of Rs 33.20 crore in the corresponding quarter of last fiscal.

Marico's net sales during Q4, 2013-14 went up by 7.27% at Rs 1,069.81 crore, compared with Rs 997.25 crore in the year-ago period.

Expenses during Q4 were at Rs 939.33 crore, up 4.08%, against Rs 902.45 crore in the same quarter last year.

Shares of Marico were trading at Rs 202 apiece in the afternoon trade on the BSE, down 0.49% from its previous close.