GCPL’s Q4 net grows 13_% to Rs 188 crore

Namrata Singh, The Times Of India, 28 April 2015

Godrej Consumer Products Limited (GCPL) has reported a 13% rise in net profit at Rs 188 crore for the quarter ended March 31, 2015, while net sales for the India business have risen 10% to Rs 1,134 crore.

EBITDA, the company said in a release, has increased by 13% to Rs 248 crore.

The company said GCPL continues to gain market share across its core categories across geographies, with international business growing by 14% on an organic constant currency basis.

The board has declared an interim dividend of 250% or Rs 2.50 per share.

Adi Godrej, chairman, Godrej Group, said: "Our performance in the second half of fiscal year 2015 has been much better than that in the first half. On a constant currency basis, sales in second half grew by 14%, whereas profits after tax grew by 26%. 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. We have continued to consistently grow ahead of the market and have gained share in our core categories."

With four consecutive quarters of improvement in growth rates in the Indian FMCG sector, GCPL is seeing a gradual improvement in demand. "We remain optimistic that as the economy gathers pace in FY 16, FMCG growth in FY 16 will be better than that in FY 15. While the macro-economic environment in some of our international markets remains challenging, we are confident of continuing to grow ahead of the market and improve our market share," said Godrej.