1. Godrej Consumer shares surge to new record high as Q4 net more than triples

Godrej Consumer shares surge to new record high as Q4 net more than triples

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.

By: | Published: May 9, 2017 1:50 PM
Godrej Consumer Products Ltd, home category, Good Knight, SAARC, Sunil Kataria, Malaria, EMBED The FMCG major Godrej Consumer Products’ shares hit a new record high of Rs 1,909, rising 8.6% from its yesterday’s close. (Image: PTI)

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.

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