GCPL Q3 net profit rises to INR 264 crore, stock up 3%

PTI, DNA, 05 February 2015

FMCG firm Godrej Consumer Products Limited (GCPL) today reported 34.63% growth in its consolidated net profit at Rs 263.57 crore for the quarter ended December on account of robust sales.

The firm had posted a net profit of Rs 195.77 crore in the year ago period, it said in a BSE filing.

Consolidated net sales rose 12.47% to Rs 2,225.82 crore in the third quarter of this fiscal from Rs 1978.88 crore in the same quarter of 2013-14.

GCPL also declared the third interim dividend of Rs 1 per share for 2014-15.

Commenting on the performance, Godrej Group Chairman Adi Godrej said: "After a few quarters of sluggish growth, consumer demand in India started to show early signs of a recovery in the third quarter of fiscal 2015. Our business has delivered strong, competitive double-digit growth across categories."

On future outlook, he said: "We are beginning to see improved consumer sentiment on the ground and are hopeful this will translate into better consumer demand in the quarters ahead. We expect growth in the second half of this fiscal year should be better than the first half."

During the quarter under review, GCPL's India business grew by 12% while its international business grew by 20%.

GCPL shares were trading 2.92% up at Rs 1,056 apiece during afternoon session on the BSE.