GCPL Q4 net up 17% at INR 310 crore

PTI, The Economic Times, 03 May 2016

FMCG major Godrej Consumer Products Ltd (GCPL) today reported 16.75 per cent rise in consolidated net profit at Rs 310.07 crore for March quarter as against a net profit of Rs 265.57 crore in the previous fiscal.

During the period under review, the company's net sales stood at Rs 2,266.06 crore, up 8.80 per cent, as against Rs 2,082.61 crore in the year-ago period, GCPL said in a regulatory filing.

GCPL's India business net sales grew 7 per cent during the fourth quarter of 2015-16, driven by 9 per cent volume growth while its international business grew by 18 per cent.

Godrej Group Chairman Adi Godrej said: "We are investing strategically in creating new growth vectors for the future, while continuing to drive our core to full potential."

"The response to our new launches, introduced over the last few months, has been very encouraging and we will continue to build on this momentum. We will continue to invest competitively in our brands and enhance our go-to-market infrastructure."

For the entire 2015-16, GCPL's net profit was Rs 1,119.41 crore compared with a net profit of Rs 907.12 crore in the previous fiscal year.
GCPL's net sales in the financial year were Rs 8,957.15 crore as against Rs 8,242.2 crore a year ago.

Meanwhile, in a separate filing, the company said the board has declared a fourth interim dividend of Rs 2.75 per share for 2015-16.
Shares of Godrej Consumer were trading at Rs 1,360.00, down 0.74 per cent on BSE.