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Godrej Consumer Products Q2 net up 60 pc

Our Bureau

Mumbai , Oct. 21

GODREJ Consumer Products Ltd (GCPL) has reported 60 per cent increase in profit after tax at Rs 27.81 crore for the quarter ended September 2005, from Rs 17.43 crore in the year-ago period.

Mr Adi Godrej, Chairman and Managing Director, said: "All our categories have grown well. Our initiatives in terms of logistics, sales and setting up manufacturing units in excise free locations have helped our profitability."

He added: "We are now the second largest toilet soaps player in the country. In the hair colour business too, our market share continues to improve. The FMCG segment is witnessing healthy demand growth. Clarity on VAT has enabled us to further enhance sales."

Sales revenues during the quarter under review rose by 16 per cent to Rs 157 crore (Rs 135 crore).

Sales of Godrej brands grew by 23 per cent to Rs 152 crore. PBIDT margins improved to 21.1 per cent.

Increased consumer spend on the back of a buoyant economy and good monsoon resulted in all its FMCG categories demonstrating healthy demand growth.

The company said that its power brands in soaps - Cinthol, Godrej Fairglow, and Godrej No.1 - continued to perform strongly.

Its market share improved to 8.8 per cent.

In hair colour, GCPL's business grew by 32 per cent while the market grew by 24 per cent.

"The price increase in Godrej Hair Dye sachets has been well accepted by consumers," a release said.

Toiletries sales increased 47 per cent during the quarter, with encouraging growth across talcum powder, shaving cream, and diapers.

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