Godrej Consumer posts 12% rise in Q4 profit

PTI, NDTV, 28 April 2015

FMCG major Godrej Consumer Products Limited (GCPL) on Tuesday reported a 12.39 per cent increase in consolidated net profit at Rs 265.57 crore for the fourth quarter that ended on March 31, 2015.

The company had reported a net profit of Rs 236.28 crore for the corresponding period last year, GCPL said in a filing to the BSE.

During the period under review, the company's net sales stood at Rs 2,082.61 crore, up 8.24 per cent, against Rs 1,924.01 crore in the corresponding quarter last fiscal year.

"Our performance in the second half of fiscal year 2015 has been much better than that in the first half... Our strong performance is on the back of a gradual recovery we are seeing in FMCG growth in India, aided by our continued focus on innovations and brand building, and supported by competitive marketing investments and enhancements in our go-to-market infrastructure," Godrej Group chairman Adi Godrej said.

"We will accelerate the pace of new product launches as the macro-economic environment improves and capitalise on the uptick in demand," he further said.

For the full fiscal year ended March 31, GCPL's net profit stood at Rs 907.12 crore compared with a net profit of Rs 759.73 crore in the previous fiscal year.

GCPL's net sales in the year were Rs 8,242.2 crore as against Rs 7,582.57 crore a year ago.

Meanwhile, in a separate filing, the company also said its board of directors has declared a fourth interim dividend of Rs 2.5 per share for the financial year 2014-15.

As of 1:37 p.m., shares in Godrej Consumer were trading at Rs 1096.95 on the BSE, down 2.48 per cent from the previous close.