Godrej Consumer net profit rises 57.83%

Fast moving consumer good-player Godrej Consumer Products (GCPL) today posted a 57.83 per cent rise in net profit at Rs 131 crore for the second quarter ended September 30. The company had a net profit of Rs 83 crore in the corresponding period last year, GCPL said in a statement.

The company also said its board of directors had declared a second interim dividend of Re 1 a share for the financial year 2010-11. During the period under review, the company’s net sales stood at Rs 951.78 crore. It had net sales of Rs 575.59 crore in the same quarter last year.

The company said figures of the current quarter were not comparable to that of the corresponding quarter of the previous year because of acquisitions made since then. “Enhanced penetration and improved volumes have driven our sales growth. Continuing focus on optimising our category mix is also enabling us to improve our profitability,” GCPL Chairman Adi Godrej said, adding its international operations had also performed strongly during the period.