India's Marico beats quarterly profit estimates on stable consumer goods demand
04/08/2026 11:13
India's Marico beats quarterly profit estimates on stable consumer goods demand Aug 4 (Reuters) - Indian packaged oil manufacturer Marico MRCO.NS reported first-quarter profit above market expectations on Tuesday, aided by resilient demand for consumer goods and lower prices of some raw materials.
The Mumbai-based company posted a profit of 6.3 billion rupees ($66.05 million) for the quarter ended June 30, compared to 5.04 billion rupees a year earlier. Analysts, on average, expected 5.8 billion rupees, according to data compiled by LSEG.
($1 = 95.3775 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai; Editing by Nivedita Bhattacharjee)
((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))
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