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Mr Adi Godrej, CMD, Godrej Consumer Products Ltd, addressing the AGM in Mumbai on Thursday. — Paul Noronha

Mumbai , July 20

Godrej Consumer Products Ltd (GCPL) has reported a net profit of Rs 30.49 crore during the first quarter of 2006-07 against Rs 27.12 crore in the year-ago period. Gross sales stood at Rs 203.55 against Rs 176.32 crore previously. Godrej brand sales rose by 19 per cent year-on-year.

The company's board has recommended a 75 per cent first interim dividend. Advertisement spend was higher by 102 per cent at Rs 24.73 crore. Sales of toilet soaps rose by 21 per cent while that of hair colorants by 10 per cent.

"Our profitability continues to be strong despite a significant increase in investments in advertising and promotional activity. We have taken one more step towards establishing our presence in the global market with the acquisition of Rapidol South Africa. Domestically, our expanded soap, hair colour and toiletry facilities which will be operational in FY07, will enable us cater to the healthy demand growth we are witnessing,'' the company said quoting its Chairman and Managing Director, Mr Adi Godrej. Shares of GCPL ended at Rs 17.90, down at Rs 649.30 on BSE.

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