Marico Q2 net up 27% at Rs 151cr, to issue bonus shares in 1:1 ratio

The board of directors of homegrown FMCG company Marico, which reported a 27% rise in second quarter (Q2) net profit at Rs 151 crore, has recommended an issue of bonus shares in the ratio of 1:1 Stock Market Trading Tips

The share price of Marico was up 2% at Rs 399 to close of trade on the BSE on Wednesday. 

During the quarter ended September 30, 2015, Marico posted revenue from operations of Rs 1,485 crore, a growth rate of 4% over the corresponding quarter last year. Its India business grew 4% with a turnover of Rs 1,127 crore, while the international business (turnover of Rs 359 crore) remained flat in constant currency terms. The top line was driven by 5.5% volume growth in India, leading to overall volume growth of 4% Indian stock market astrology prediction

The company said it has judiciously utilized the benefits of lower commodity prices in improving pricing competitiveness, advertising inputs behind core categories and new products while also improving ebitda margins which were at 15.5%. 

Saugata Gupta, MD & CEO, Marico, said, "In the India business, we remain committed to deliver 8-10% volume growth in medium term, although Q2 continued to face consumption headwinds. The international geographies are showing promise and signs of recovery. With a strong innovation pipeline and slew of brand restages in India & international markets we definitely expect the second half of this year to deliver much better growths compared to the first half  Commodity Market Astrology Tips