New Delhi, Oct 30 (PTI) Home-grown FMCG major Marico Ltd on Monday reported a 17.26 per cent increase in its consolidated net profit at Rs 360 crore in the second quarter ended September 2023.

The Harsh Mariwala-led company had posted a net profit of Rs 307 crore in the July-September quarter a year ago, Marico said in a regulatory filing.

Also Read | National Unity Day 2023 Date in India: Know History and Significance of Rashtriya Ekta Diwas Observed on Sardar Vallabhbhai Patel’s Birth Anniversary.

However, its revenue from operations marginally reduced to Rs 2,476 crore during the quarter under review from Rs 2,496 crore a year ago.

Total expenses of Marico, which owns popular brands like Saffola, Parachute, and Livon, stood at Rs 2,038 crore during the September quarter of the financial year 2023-24, which was down 3.64 per cent year-on-year.

Also Read | Sarwat Karim Ansari Dies: Uttarakhand BSP MLA Passes Away at 66 in Delhi Hospital, CM Pushkar Singh Dhami Expresses Grief.

Its total income in the September quarter was at Rs 2,514 crore.

Marico's revenue from the domestic market slipped 3.37 per cent to Rs 1,832 crore.

However, its exports revenue went up 7.33 per cent to Rs 644 crore.

Shares of Marico Ltd on Monday settled at Rs 534.50 apiece on BSE, down 0.62 per cent from the previous close.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)