Katya Naidu29 Jan 2024, 17:10
Parachute maker Marico reported a 16.7% growth in consolidated net profit for the third quarter to ₹383 crore as compared to ₹328 crore in the same quarter last year. Its revenue from operations however fell by 2% to ₹2,422 crore from ₹2,470 crore in December quarter of last financial year. The company’s domestic volumes grew 2%. Its flagship Parachute, which contributes to over 30% of domestic sales, clocked a 3% volume growth. But its value growth has been flat. It saw a 40 basis point growth in market share during the consumer.