Marico shares end over 3 pc higher

Shares of FMCG firm Marico ended over 3 per cent higher today after the company reported a consolidated net profit of Rs 185.27 crore for the quarter ended June 30.
After surging 14.75 per cent to Rs 294.45 -- its 52-week high at the BSE in intra-day trade, Marico's stock ended at Rs 265.15, up 3.33 per cent.
At the NSE, the stock settled with a gain of 3.23 per cent at Rs 264.05.
Marico Ltd had yesterday 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 had 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.