Business OpportunitiesGodrej Consumer Products' net triples
Godrej Consumer Products Ltd (GCPL), the fast moving consumer goods (FMCG) company, showed a consolidated net profit of Rs 93 crore for the quarter ended September, almost three times the Rs 34.7 crore figure posted in the corresponding quarter last financial year.
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The personal and household care company also saw its revenue increasing by 65 per cent to Rs 576 crore in the reported quarter, compared with Rs 348.1 crore in the corresponding quarter of last year.
On a sequential basis (compared to the trailing quarter), its net profit rose by 32.85 per cent and revenue increased by 31.2 per cent. The results, however, include the results of Godrej Sara Lee, in which it holds a 49 per cent share.
The company’s stock closed at Rs 271, which was 2.1 per cent below the previous day’s close. The board of directors recommended an interim dividend of Re 1 per share.
GCPL’s share in Godrej Sara Lee’s sales for the quarter under review stood at Rs 139.7 crore and profit after tax (PAT) was Rs 21.6 crore. Godrej Sara Lee has under its portfolio several leading brands such as GoodKnight, JET, HIT, AmbiPur , Brylcreem and KIWI.
Adi Godrej, Chairman, GCPL, said in a press statement: “We are witnessing healthy demand growth for all our products. We have undertaken several initiatives to augment our rural reach and enhance rural demand. These initiatives have started to show encouraging results.” Robust domestic demand has driven its sales across both soap and hair colour businesses, with toilet soap achieving a market share of 10.9 per cent and hair colour market share expanding to 34.7 per cent. International businesses performed well, too, growing by 20 per cent.