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Homegrown FMCG major Marico Ltd on Friday reported an increase of 18.68 per cent in its consolidated net profit to Rs 305 crore for the fourth quarter ended March 2023.

The company had posted a net profit of Rs 257 crore in the January-March quarter a year ago, Marico said in a regulatory filing.

Its revenue from operations rose 3.52 per cent to Rs 2,240 crore during the quarter under review from Rs 2,161 crore a year ago.

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Marico’s total expenses were Rs 1,907 crore in Q4 FY23.

Shares of Marico Ltd on Friday settled at Rs 493.25 apiece on BSE, down 0.80  per cent from the previous close.