Marico June qtr net at Rs 124 cr

Last Updated: Fri, Aug 03, 2012 09:11 hrs

Marico Limited has posted a consolidated net profit of Rs 123.84 crore for the quarter ended June 30, 2012. The profit figure for the same quarter a year ago stood at Rs 85 crore.

The firm's total income for the period under consideration was Rs 1,284.83 crore, compared with Rs 1,050.55 crore a year ago.

During the quarter under review, Marico concluded the acquisition of the personal care business of Paras Pharmaceuticals Limited for Rs 745.60 crore, through its wholly-owned subsidiary, Marico Consumer Care Limited (MCCL), the company said in a filing with the Bombay Stock Exchange. MCCL, which was formed on April 20, also acquired 100% equity stake in Halite Personal Care India Private Limited from its erstwhile owners.

Marico's consolidated financial results for the June quarter include the financial results of MCCL and Halite from the relevant dates and hence are strictly not comparable with previous period figures.

Shares of ed were down 0.88% at Rs 192.45 at around 1345 hours on the Bombay Stock Exchange.

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