Marico announced a marginal decline in consolidated net profit for the quarter ended December 2016. During the quarter, the profit of the company declined 6.83% to Rs 1,916.40 million from Rs 2,056.80 million in the same quarter last year.
Revenues for the quarter declined 7.42% to Rs 14,167.10 million, compared with Rs 15,302.90 million for the prior year period.
Operating margin for the quarter stood at 19.23 percent as compared to 18.95 percent for the previous year period. Operating Income for the quarter was Rs 2,723.80 million, compared with Rs 2899.4 million in the previous year period.
Earnings per share for the quarter stood at Rs 1.49, registering 6.88% decline over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Dec - 16 | Dec - 15 | %Change |
| Revenues | 14,167.10 | 15,302.90 | (7.42) |
| Net Profit | 1,916.40 | 2,056.80 | (6.83) |
| Diluted EPS | 1.49 | 1.60 | (6.88) |
Shares of the company declined Rs 4.15, or 1.61%, to trade at Rs 254.20. The total volume of shares traded was 166,107 at the BSE (3.33 p.m., Thursday).
