M.K. Exim Reports 88% Surge in Q1 Net Profit, Driven by Strong Cosmetics Segment
MK Exim (India) Ltd reported an 88% year-on-year increase in net profit for Q1 FY24, reaching ₹681.36 crore. Revenue from operations rose by 32.6% to ₹2,677.96 crore. The cosmetics segment was the primary growth driver, contributing ₹2,226.00 crore in revenue. EPS improved to ₹1.69. The company demonstrated effective expense management with decreased finance costs. The Board approved the unaudited standalone financial results on August 5.