Marico reports Q1 net profit at Rs 185.27 crore

Shares of the company were trading 2.28% down at Rs 255.10 apiece during afternoon trade on the BSE

FMCG firm Marico Ltd today reported a consolidated net profit of Rs 185.27 crore for the quarter ended June 30 on the back of net sales of Rs 1,619.23 crore.

In the same period of the previous fiscal, the company had posted a net profit of Rs 157.72 crore and net sales of Rs 1,379.66 crore, 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.

Overall expenses during the quarter stood at Rs 1,376.85 crore as against Rs 1,173.28 crore in the same quarter last year.

Shares of Marico were trading 2.28% down at Rs 255.10 apiece during afternoon trade on the BSE.