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Marico Q2 Net profit up 17% to Rs 353 crore
![IndiaTimes]()
Monday, 30 October 2023
Marico, a parachute maker, reported a 17% increase in net profit in the second quarter. Revenue from operations, however, was down 1%. The company noted that rural demand recovery was slower than expected due to higher food inflation and uneven rainfall distribution. Packaged foods performed well, while the India business delivered a turnover of Rs 1,832 crore, down 3% year-on-year. Marico remains optimistic about a gradual recovery in sectoral volume growth and aims to improve key performance parameters on a full-year basis.
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Monday, 30 October 2023
