Godrej Consumer stock surges 5% after earnings

PTI, Economic Times, 05 February 2015

Shares of FMCG firm Godrej Consumer Products today rose by 5 per cent after the company reported 34.63 per cent growth in consolidated net profit for the quarter ended December 2014.

The company's scrip surged 5.04 per cent to settle at Rs 1,077.70 on the BSE. In intra-day, it gained 5.94 per cent to Rs 1,087.

At the NSE, it went up by 4.84 per cent to close at Rs 1,075.15.

Godrej Consumer Products today reported 34.63 per cent growth in its consolidated net profit at Rs 263.57 crore for the quarter ended December 2014 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.

Its consolidated net sales rose 12.47 per cent 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.

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