Marico Records 29% turnover growth; Profit up 21%

Profit after tax (PAT) for Q3FY12 was INR 84 crore (USD 16.8 mio), a growth of about 21% over Q3FY11.

Growth in Q3FY12 was stronger than that expected in Q2FY12, largely because of a handsome volume growth across almost all categories, It also helped that some of the business uncertainties anticipated earlier played out less adversely than expected, e.g. inflation in input costs eased as compared to earlier during the year and the foreign exchange situation too gave rise to certain net translation gains

Over the years, Marico has focused on sustainable profitable growth. Q3FY12 is in Y-o-Y terms, the 45th consecutive Quarter of growth in Turnover and 49th consecutive Quarter of growth in Profits.

Turnover growth was witnessed across the Company's three business units. The Indian Consumer Products Business grew by 38% in value and 16% in volume terms. Marico's International business posted a growth of 39% after foreign exchange fluctuations and a business growth of 40% boosted by the acquisition of 85% of International Consumer Products in Vietnam in February 2011. The Kaya business collections on Same Store basis grew by 15%. Market shares continued to be healthy all across.

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