Marico Quarterly Profit Rises 14 Percent to Beat Estimates
Marico reported a 14 percent rise in quarterly profit to 3.91 billion rupees, beating analyst estimates. Growth was led by the core Parachute oil segment.
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MARICO LTD reported a 14% profit increase to 3.91 billion rupees ($41 million) for the quarter ending March 31. The result exceeded the 3.85 billion rupees projected by India market analysts in LSEG data. Strong volume growth in core oil categories suggests resilient consumer demand despite broader inflationary pressures in the region.
