MARICO on Wednesday posted a 15.28 per cent rise in consolidated net profit to

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Rs 85 crore for the quarter ended June 30, 2011 on net sales that was up 33 per cent to Rs 1,048.62 crore.

The company's margin declined during the quarter due to a surge in cost of raw materials, especially in the hair oils segment. First quarter Ebitda margin fell to 11.9 per cent compared to 14.5 per cent in the year ago quarter, the firm said.

The company's expenses during the three-month period were up 35.5 per cent year on year to Rs 940.39 crore. Prices of copra the key raw material for edible coconut oil, rose five per cent on average, on a sequential basis, in the AprilJune quarter.