Godrej Consumer Q2 net up 22% at Rs 195 crore

Company had reported net profit of Rs 159 crore in the same quarter last year

Godrej Consumer Products Ltd today reported 22.39% increase in consolidated net profit at Rs 194.97 crore in the second quarter ended September 30, 2013.

The company had reported net profit of Rs 159.3 crore in the same quarter last year.

Godrej Consumer's net sales in the quarter under review was at Rs 1,957.38 crore, an increase of 22.51% as against Rs 1,597.64 crore in the corresponding period last year, the company said in a BSE filing.

Commenting on company's performance during the quarter, Godrej Group Chairman Adi Godrej said: "Our robust operating performance is a result of continued focus on strengthening our position in our core categories. We continue to be aggressive in launching new innovations that have been well accepted by our consumers."

Elaborating further, Godrej said: "The overall market outlook remains turbulent and uncertain. We remain watchful, agile and prudent. We will continue investing judiciously for the longer term to improve our position, create competitive advantage and emerge stronger than ever before."

Overall expenses of the company in the quarter were at Rs 1,686.35 crore, up 22.70% as against Rs 1,374.32 crore in the same quarter last year.

Shares of Godrej Consumer were trading at Rs 858 apiece in the afternoon trade, up 0.51% from their previous close on the BSE.