Marico’s fourth quarter net profit of ₹ 320 crore: increased by 4.92% on an annual basis, the company will give ₹ 9.50 per share dividend to shareholders.

Consumer products company Marico Limited has released the results for the fourth quarter (January-March) of the financial year 2023-24. The company’s consolidated net profit in the January-March quarter increased by 4.92% year-on-year to ₹320 crore. Marico had made a profit of ₹305 crore in the same quarter a year ago. If seen on a quarterly basis, the company’s profit has declined by 17.09% in January-March compared to October-December (Q3FY24). The company will pay ₹9.50 dividend per share. Marico had recorded a profit of ₹386 crore in Q3FY24. Along with the results, the company has announced a dividend of ₹ 9.50 per share to the investors. Companies give some part of the profits to their shareholders, it is called dividend. The company’s revenue declined by 5.74% to ₹ 2,806 crore. Comparing the financial year, the company’s consolidated revenue (income) in 2023-24 declined by 1.14% on an annual basis to ₹ 9,653 crore. In the last financial year i.e. 2022-23, it was ₹ 9,764 crore. However, compared to the last financial year, the company’s profit has increased by 13.61% to Rs 1,502 crore. Last year it was Rs 1,322 crore.

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