GSK Consumer Healthcare surges on healthy Q1 numbers
Q4 operating profit margin rose by 200bp yoy to 22%, aided by higher prices.
Glaxosmithkline Consumer Healthcare has surged 6% to Rs 4,245 after reporting 18% year-on-year (yoy) jump in net profit at Rs 156 crore for the first quarter ended March 2013 (Q1) on back of higher sales. The consumer healthcare products maker had profit of Rs 132 crore in year ago quarter.
Total income from operations grew 17% at Rs 975 crore on yoy basis. Operating profit margin (OPM) rose by 200bp yoy to 22%, aided by higher prices.
The stock opened at Rs 4,057 and hit a high of Rs 4,269 on NSE. A combined around 12,400 shares have changed hands on the counter in early morning deals on NSE and BSE.
Total income from operations grew 17% at Rs 975 crore on yoy basis. Operating profit margin (OPM) rose by 200bp yoy to 22%, aided by higher prices.
The stock opened at Rs 4,057 and hit a high of Rs 4,269 on NSE. A combined around 12,400 shares have changed hands on the counter in early morning deals on NSE and BSE.