Fast moving consumer goods giant Marico reported its July to September quarter earnings on Tuesday after markets closed.

What Happened: The Parachute oil maker posted a net profit of ₹423 crore in the quarter ended September, soaring nearly 20% from ₹353 crore posted in the same period the previous year. The profit decreased 8.8% from ₹464 crore posted in the June quarter.

Revenue from operations showed an improvement of 7.6% to ₹2,664 crore, compared to ₹2,476 crore posted a year ago. In the previous quarter, the company had reported a revenue of ₹2,643 crore. The company’s total income came in at ₹2,746 crore.

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The profit figure surpassed analysts’ estimates of around ₹382 crore whereas revenue fell slightly below the estimated ₹2,672 crore.

Domestic revenue stood at ₹1,979 crore, up 8% year-on-year whereas revenue from international sales rose 6.4% YoY to ₹685 crore. Parachute oil which accounted for 33% of the company's domestic revenue saw a volume growth of 4%. EBITDA grew 5% YoY to ₹522 crore whereas EBITDA margin went down by 50 basis points to 19.6%.

The company’s peers– ITC, Nestle and Hindustan Unilever Limited also reported their Q2 results earlier this month. ITC’s revenue beat analysts estimates whereas profit were in line with expectations. Nestle and HUL tanked after both the companies’ numbers partially came in below Dalal Street’s forecast.

Price Action: Marico’s shares closed 1.28% lower at ₹625.90 on Tuesday.

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