New Delhi: FMCG major Marico Friday reported 62% rise in profit after tax at Rs46 crore for the third quarter ended 31 December, 2007, compared to Rs28 crore in the same period last year.
The company’s turnover for the quarter grew 24% at Rs500 crore for the Q3 under review from Rs403 crore in the corresponding quarter of the previous fiscal.
The growth comprised of 19% organic and 5% inorganic growth.
“Healthy growth across all its businesses, those of consumer products in India, international business and Kaya skin solutions contributed to the overall growth,” a company statement said.
On the domestic front, the company’s CEO (Consumer Products Business) Saugata Gupta said: “The consistent performance of established brands has helped Marico launch new products to serve emerging consumer needs.”
The company’s international consumer products business grew by 49% during the quarter over Q3 2006-07.
During the quarter, Marico entered the fast growing South African ethnic hair care and health market through the acquisition of Enaleni Pharmaceuticals Consumer Division.