1. Godrej Ind net up 1.68% at Rs 95.16 cr

Godrej Ind net up 1.68% at Rs 95.16 cr

Godrej Industries (GIL), part of the Godrej group, on Monday reported a 1.68% increase...

By: | Mumbai | Published: November 11, 2014 1:31 AM

Godrej Industries (GIL), part of the Godrej group, on Monday reported a 1.68% increase in consolidated net profit to Rs 95.16 crore for the second quarter ended September 30 from the Rs 93.59 crore reported in the year-ago period.

The company’s consolidated net income rose 12.73% to Rs 2,298 crore from Rs 2,038 crore during the corresponding quarter of the previous fiscal.

Announcing the results, Adi Godrej, chairman of the Godrej Group, said,” Since September we are seeing a strong offtake in demand and expect the second half to be better than the first half. Our agri business continues to do well, despite a challenging environment.”

According to Godrej, GCPL continued to outperform the market and its brands have further strengthened their leadership position during the September quarter.

“We believe that the Indian FMCG industry is now showing early signs of recovery. Going forward,our endeavour is on sustaining and extending leadership position across core categories,” he added.

The company’s scrip closed at Rs 301.65, down 1%, on the BSE.

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