Godrej Consumer Products Q1 at 34 Crores

Source: BSE India
Godrej Consumer Products Ltd has announced the following Unaudited results for the quarter ended June 30, 2006:

The Company has posted a net profit of Rs 304.90 million for the quarter ended June 30, 2006 (Q1 FY 06-07) as compared to Rs 271.20 million for the quarter ended June 30, 2005 (Q1 FY 05-06). Total Income (net of excise) has increased from Rs 1679.60 million in Q1 FY 05-06 to Rs 1924.00 million for Q1 FY 06-07.

The Consolidated Results are as follows:

The Group has posted a net profit of Rs 341.30 million for the quarter ended June 30, 2006 (Q1 FY 06-07). Total Income (net of excise) is Rs 2384.40 million in Q1 FY 06-07.

Commenting on the results, Mr. Adi Godrej, Chairman and Managing Director, of the Company, said "I am pleased to report continuing growth on the back healthy operating performance. 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. I remain confident of GCPL's ability to maintain its strong growth momentum."

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