Marico shares slip 2.5% after Q1 earnings
New Delhi: Shares of FMCG player Marico on Tuesday fell 2.5% after the company reported an 11.92% decline in its consolidated net profit for the first quarter ended 30 June.
The scrip declined 2.50% to settle at Rs325.20 on BSE.
During the day, it lost 4.99% to Rs316.90. At NSE, shares of the company slipped 2.49% to close at Rs 326.35.
In volume terms, 6.67 lakh shares of the company were traded on BSE and over 52 lakh shares changed hands at NSE during the day.
Marico on Tuesday reported an 11.92% decline in its consolidated net profit to Rs235.94 crore for the first quarter ended 30 June on account of reduction in sales due to transition to the GST regime.
The company had posted a net profit of Rs267.90 crore during the same period previous fiscal, Marico said in a BSE filing.
Total income from operations during the quarter under review stood at Rs1,715.28 crore as against Rs 1,781.78 crore in the April-June quarter of 2016-17, down 3.73%.
- Gujarat elections: Alpesh Thakor is much more than a clueless dynast
- Future Supply Chain trades 2% higher on stock market debut
- Gujarat elections: Moment of reckoning for deputy CM Nitin Patel
- Donald Trump indicates he’s not considering firing special counsel
- Gujarat elections: Vijay Rupani, the CM who came in from the cold