Marico Limited Announces Unaudited Earnings Results for Third Quarter and Nine Months Ended December 31, 2015
January 30, 2016 at 02:03 pm IST
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Marico Limited announced unaudited earnings results for third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales/income from operations of INR 15,546.03 million, profit from operations before other income and finance costs and exceptional items of INR 2,691.267 million, profit from ordinary activities before tax of INR 2,804.928 million, net profit of INR 2,005.403 million compared to the net sales/income from operations of INR 14,489.218 million, profit from operations before other income and finance costs and exceptional items of INR 2,134.475 million, profit from ordinary activities before tax of INR 2,183.991 million, net profit of INR 1,621.617 million for the same quarter a year ago. Diluted EPS was INR 1.53 against INR 1.17 a year ago.
For the year to date, the company reported net sales/income from operations of INR 48,196.124 million, profit from operations before other income and finance costs and exceptional items of INR 7,766.428 million, profit from ordinary activities before tax of INR 8,288.972 million, net profit of INR 5,961.341 million compared to the net sales/income from operations of INR 44,972.992 million, profit from operations before other income and finance costs and exceptional items of INR 6,344.84 million, profit from ordinary activities before tax of INR 6,572.734 million, net profit of INR 4,732.719 million for the same period a year ago. Diluted EPS was INR 4.54 against INR 3.59 a year ago.
Marico Limited is an India-based consumer goods company operating in the global beauty and wellness categories. The Company operates in product categories, such as coconut oil, refined edible oils, value added hair oils, leave-in hair conditioners, male grooming and packaged foods, among others. Its portfolio of brands includes Parachute, Saffola, Saffola FITTIFY, Nihar Naturals, Parachute Advansed, Hair & Care, Livon, Set Wet, Mediker, Revive, Beardo, Just Herbs, Coco Soul, Pure Sense and True Elements. The Company's international product portfolio includes brands, such as Parachute, Parachute Advansed, HairCode, Fiancee, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, Mediker SafeLife, Thuan Phat, Isoplus, Purite De Provence and Oliv. The Company is present in approximately 50 countries and operates seven factories in India, located at Puducherry, Perundurai, Jalgaon, Guwahati, Baddi and Sanand. Its subsidiaries include MBL Industries Limited and Marico Middle East FZE.