GCPL gains after completing acquisition of Cosmetica Nacional

Godrej Consumer Products rose 2.78% to Rs 1,242 at 10:14 IST on BSE after the company said it has completed the acquisition of balance 40% stake in Cosmetica Nacional, a market leading hair colorant and cosmetics company in Chile.

The company made the announcement before market hours today, 11 September 2015.

Meanwhile, the S&P BSE Sensex was up 155.19 points or 0.61% at 25,777.36.

On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 72,000 shares in the past two weeks.

The stock hit a high of Rs 1,248.15 and a low of Rs 1,230 so far during the day. The stock had hit a record high of Rs 1,456.65 on 3 August 2015. The stock had hit a 52-week low of Rs 830 on 16 December 2014.

On consolidated basis, Godrej Consumer Products' (GCPL) net profit rose 38.9% to Rs 199.23 crore on 11.1% growth in net sales to Rs 2095.15 crore in Q1 June 2015 over Q1 June 2014.

GCPL is a home-grown FMCG firm. The company's products include hair colour, household insecticides, liquid detergents and soaps.

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