New Delhi, May 6 -- Marico Ltd's net profit grew 18% to touch Rs.213 crore in Q4 (year-on-year basis), in line with analysts estimates. Its profit for the financial year 2019 grew by 14% to Rs.930 crore.

However, marketing expenditure contracted the operating margin to 20.8%, in the quarter ended March 31 this year, as against 21.8% in Q4 in FY18. The margin, for the entire financial year 2019, also shrunk to 19.6% from 21.3% in FY18.

Brokerage firm Edelweiss Securities Ltd, expected Marico's Q4 volume to rise 6.5% for FY19, but the company's volume beat analyst estimates and grew 8%, the company said in a filing to the stock exchange on Monday. Volume growth is an important indicator in a way as it looks at growth in sales minus the pric...