Marico Q2 net up 9.4% to Rs 78 crore

Mumbai: FMCG firm Marico today posted a 9.4 percent year-on-year increase in net profit to Rs 78.29 crore for the quarter ended September 30, 2011.

In the corresponding quarter last fiscal, the company - which sells ‘Parachute’ brand hair oil and ‘Saffola’ edible oil, among other products - had reported a net profit of Rs 71.56 crore, Marico said in a statement.

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During the quarter under review, Marico’s net sales increased 25.6 percent to Rs 974.45 crore from Rs 775.8 crore in the year-ago period, it said.

The firm has declared an interim dividend of 30 percent (30 paisa) per share of Re 1 face value. Scrips of Marico were trading at Rs 149.55 on the BSE, down 0.07 per cent from their previous close.

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In the earlier session, the shares declined 0.33%, or Rs 0.5, at Rs 149.65. Currently, the stock is trading down 12.62 percent from its 52-week high of Rs 172.70 and above 34.61 percent over the 52-week low of Rs 112.10.

PTI