Financial Daily from THE HINDU group of publications
Thursday, Jan 22, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate Results - Personal Products


Wipro Consumer earns higher revenues in Q3

Our Bureau

Bangalore , Jan. 21

AIDED by a good monsoon and strong rural demand, Wipro Ltd's Consumer Care and Lighting business has seen a 27 per cent growth in revenues for the quarter-ended December 31, 2003. Revenues from the consumer care and lighting division increased to Rs 94.9 crore during the quarter, against Rs 74.5 crore in corresponding quarter last year.

"Our consumer and lighting business is back in growth phase," said the Wipro Chairman, Mr Azim Premji, adding that a good monsoon and pick-up in rural demand has helped the company to increase its sales. The consumer care and lighting business accounted for 6 per cent of Wipro's revenues and 5 per cent of its operating income for Q3FY04.

Mr Vineet Agrawal, President, Wipro Consumer Care and Lighting, said that his division has been growing successfully over the last four quarters. Commenting on the recent deal with Chandrika family to acquire the long-term lease rights of the soap brand `Chandrika,' Mr Agrawal said that the agreement would be finalised in March and the details would be announced then. Wipro expects to take up the distribution of Chandrika soap by April, he said.

Mr Agrawal also mentioned that the Santoor brand soap of Wipro has become a leader in the market and sales have touched Rs 150 crore.

More Stories on : Personal Products | Electrical Goods

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Sponge iron unit drives Grasim net up 23 pc


Siemens posts Rs 16.5-cr net profit in first quarter
VSNL net jumps 121 pc in Q3
Strides Arcolab Q1 sales up 12.4 pc
Merged associates boost BSES net to Rs 93.30 cr
Wipro Consumer earns higher revenues in Q3
Marico Q3 net rises to Rs 14.74 cr
Samkrg Pistons Q3 net up 63 pc
Wipro beats expectations; net up 19 pc at Rs 274 cr in Q3 — `Rupee appreciation putting pressure on profitability'
iGATE net loss at Rs 2.65 cr; to acquire Symphoni Interactive
eServe net higher at Rs 11.7 cr
Parrys Q3 net at Rs 4 lakh
Tata Coffee net, sales rise in Q3



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line