New Delhi, Jan 29 (PTI) Homegrown FMCG major Marico Ltd on Monday reported a 15.9 per cent increase in its consolidated net profit to Rs 386 crore for the third quarter ended December 2023.

It had posted a net profit of Rs 333 crore in the October-December quarter a year ago, Marico said in a regulatory filing.

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However, its revenue from operations fell 1.94 per cent to Rs 2,422 crore during the quarter under review from Rs 2,470 crore a year ago.

Its total expenses in the December quarter was Rs 1,970 crore, down 4.7 per cent.

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Shares of Marico Ltd on Monday settled at Rs 516.55 apiece on BSE, down 1.64 per cent from the previous close.

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