Godrej Consumer Products Ltd shares made a new all-time high today, rising as much as about 9%, after the company reported its fiscal fourth quarter net profit jumped more than three-fold on-year.
Godrej Consumer Products shares were trading up 7.11% on BSE at Rs 1,883. The FMCG major’s shares earlier in the day hit a new record high of Rs 1,909, rising 8.6% from its yesterday’s close.
Today, Godrej Consumer Products said its consolidated net profit in the fourth quarter of the last financial year 2016-17 more than tripled on-year to Rs 389.91 crore from Rs 124.84 crore in the same quarter a year ago.
The company’s net sales during the quarter ended March 31, 2017 were at Rs 2,480.17 crore, up 2.51% on-year, as against Rs 2,204.36 crore in the corresponding quarter of the last fiscal, Godrej Consumer Products said in a filing to the stock exchanges.