FMCG major Godrej Consumer Products (GCPL), makers of Cinthol soaps and Renew hair colour, on Saturday reported a 16.46% increase in its net profit at Rs 107 crore in the first quarter of the current fiscal as compared to Rs 91.94 crore in the corresponding period last year.
The company has posted an increase of 18.70% in its net sales at R923 crore during the April-June quarter against Rs 777.66 crore during the same period last year.
Announcing the results, Adi Godrej, chairman, said: “'In a challenging environment, we have delivered robust operating performance this quarter. Our focus on sustaining and extending leadership in our core categories has enabled us to grow significantly ahead of the market.”
According to Godrej, GCPL is scouting for strategic buys in developing markets in Africa, Asia and South America as part of its inorganic growth strategy. “We will continue to support our new launches with strong marketing investment. In Q1 FY14, GCPL’s consolidated advertising and publicity spend was up 54%,” he added.
Overall expenses of the company in the quarter were at Rs 798 crore, up 19.05% as against Rs 670 crore in the same quarter last year.
Grasim Industries Q1 net down 15%
Aditya Birla group firm Grasim Industries on Saturday reported 15.04% decline in consolidated net profit at R610.01 crore for the first quarter ended June 30. The company had posted a consolidated net profit of R718 crore during the same period of previous fiscal, Grasim Industries said in a filing to the BSE. The company's consolidated income from operations stood at R6,895.08 crore in the April-June quarter, compared to R6,795.48 crore during the same period last year. Grasim Industries' consolidated revenue from its Viscose Staple Fibre and Wood Pulp segment was R1,367.61 crore this quarter as against R1,202.83 crore in the same period of last fiscal.
Divis Labs Q1 net up 4% at Rs 174.71 cr
Drug firm Divis Laboratories on Saturday reported 4.37% rise in net profit to R174.71 crore for the quarter ended June 30, on account of robust sales and increase in forex gains. The company had posted a net profit