Shares of Marico today rose by more than 3 percent in morning trade after impressive financial results for the third quarter of 2017-18.
The company on February 9 reported a 16.51 percent increase in its consolidated net profit at Rs 223.28 crore for the quarter ended December 2017 on account of higher income led by market share gains.
The company had posted a net profit of Rs 191.64 crore during the October-December quarter of the previous fiscal.
Shares of the company today opened on a bullish note at Rs 303.55, then gained further ground to touch a high of Rs 307, up 3.02 percent over previous close.
Total income during the quarter under review stood at Rs 1,641.74 crore. It was Rs 1,439.99 crore in the year-ago period.
Marico said India business posted a healthy volume growth of 9.4 percent while the international business grew by 9 percent in constant currency terms.
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