Marico Q3 net profit up 16% at Rs 223.3 crore

Marico has come out with its third quarter (Oct-Dec) numbers on Friday. The company’s Q3FY18 net profit rose 16.1 at Rs 223.3 crore versus Rs 191.6 crore, in the same quarter last fiscal.

Revenue also up 15.1 percent at Rs 1624.3 crore against Rs 1411.4 crore.

Earnings before interest, taxes, depreciation and amortization (EBITDA) was up 21 percent at Rs 302.1 crore against Rs 249.7 crore. The margin was up 100 bps at 18.6 percent versus 17.6 percent.

The board approved declaration of the second interim dividend for FY2017-18 at Rs 2.5 per equity share (250 percent).

Marico shares ended at Rs 298.45, down Rs 1.60, or 0.53 percent.