Marico profit down 12% to Rs 236 crore

FMCG player Marico on Tuesday reported an 11.92 per cent decline in its consolidated net profit to Rs 235.94 crore for the first quarter ended June 30, on account of reduction in sales due to transition into GST.

The company had posted a net profit of Rs 267.90 crore during the same period previous fiscal, Marico said in a BSE filing.

Total income from operations during the quarter under review stood at Rs 1,715.28 crore as against Rs 1,781.78 crore in the April-June quarter of 2016-17, down 3.73 per cent.

Revenue from its Indian operation declined 4 per cent to Rs 1,327.51 crore