Godrej Consumer Q2 net profit up 22.39 pct at Rs 194.97 crore

PTI Posted online: Monday, Nov 11, 2013 at 0000 hrs
New Delhi : The Godrej Consumer Products Ltd today reported 22.39 per cent increase in consolidated net profit at Rs 194.97 crore in the second quarter ended September 30, 2013.

The company had reported net profit of Rs 159.3 crore in the same quarter last year.

Godrej Consumer's net sales in the quarter under review was at Rs 1,957.38 crore, an increase of 22.51 per cent as against Rs 1,597.64 crore in the corresponding period last year, the company said in a BSE filing.

Commenting on company's performance during the quarter, Godrej Group Chairman Adi Godrej said: "Our robust operating performance is a result of continued focus on strengthening our position in our core categories. We continue to be aggressive in launching new innovations that have been well accepted by our consumers."

Elaborating further, Godrej said: "The overall market outlook remains turbulent and uncertain. We remain watchful, agile and prudent. We will continue investing judiciously for the longer term to improve our position, create competitive advantage and emerge stronger than ever before."

Overall expenses of the company in the quarter were at Rs 1,686.35 crore, up 22.70 per cent as against Rs 1,374.32 crore in the same quarter last year.

Shares of Godrej Consumer were trading at Rs 858 apiece in the afternoon trade, up 0.51 per cent from their previous close on the BSE.