Marico Quarterly Profit Beats Market Expectations on Lower Copra Costs
Marico reported quarterly profit above market expectations, helped by lower year-on-year copra prices and steady consumption demand. Profit rose 31%.
Indian consumer goods maker Marico NSE:MARICO reported quarterly profit above market expectations on Monday, helped by softening year-on-year prices of copra, a key raw material, and steady consumption demand.The company, which makes the Saffola and Parachute brands of oils, posted a 31% jump in co…