text: J.M. Smucker Quarterly Profit Rises  CHICAGO (Reuters) - J.M. Smucker Co. &lt;A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=SJM.N target=/stocks/quickinfo/fullquote"&gt;SJM.N&lt;/A&gt; on Friday  posted higher quarterly profit as improved sales at its Jif  peanut butter and Smucker's jelly business helped offset higher  raw material costs and a loss on the sale of its Brazilian  unit.