GlaxoSmithKline Consumer Healthcare on Thursday posted 25.34 per cent increase in net profit at Rs 345.31 crore for the second quarter ended September 30.
The company had reported a net profit of Rs 275.49 crore in the July-September period of 2018-19.
Total income during the September quarter increased to Rs 1,423.22 crore as compared with Rs 1,361 crore in the year-ago period, GlaxoSmithKline Consumer Healthcare (GSKCH) said in a regulatory filing.
"This is a result of our clear focus on strengthening our high-science portfolio and launching innovative products in new consumer spaces, like Active Horlicks for adults," GSKCH Managing Director Navneet Saluja said.
Boost and Horlicks continue to gain significant shares on the back of a strong execution strategy that witnessed an increase in distribution reach to 2.05 million outlets, he added.
"We continue to drive brand building initiatives through stepped up investments in our brands, innovations and consumer-connect activities," Saluja said.
Shares of the company on Thursday ended 0.18 per cent lower at Rs 9,236 apiece on the BSE.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app