Consumer goods company Marico Ltd. reported volume growth of 7% during the July-September period, which is in-line with the CNBC-TV18 estimate of 6% to 7% growth. The company met expectations on most other parameters as well.Marico’s net profit stood at ₹420 crore, broadly in line with the CNBC-TV18 poll of ₹415 crore. However, the number was marginally lower than ₹423 crore reported a year ago.
Revenue jumped 31% on-year to ₹3,482 crore, beating the poll estimate of ₹3,356 crore and also higher than last year’s ₹2,664 crore.EBITDA rose 7.3% on-year to ₹560 crore, slightly above expectations of ₹548 crore.
However, margins softened to 16.1%, down from 19.6% last year and marginally below the Street’s estimate of 16.3%.
Following the earnings announcement, shares of Marico are trading 2% lower on Friday at ₹3,757.45.
