Godrej Consumer Products profit rises 35% to Rs 264 crore

Net sales rose 12.5% to Rs 2,226 cr in the December quarter from Rs 1,979 cr a year ago

Fast-moving consumer goods firm Godrej Consumer Products Ltd (GCPL) on Thursday reported 34.6 per cent growth in its consolidated net profit to Rs 263.6 crore for the quarter ended December on account of robust sales.

The firm had posted a net profit of Rs 196 crore in the year-ago period, it said in a BSE filing.

Consolidated net sales rose 12.5 per cent to Rs 2,226 crore in the quarter from Rs 1,979 crore a year ago.

GCPL also declared the third interim dividend of Rs 1 per share for 2014-15.

Godrej Group’s chairman, Adi Godrej, said: "After a few quarters of sluggish growth, consumer demand in India started to show early signs of a recovery in the quarter. Our business has delivered strong, competitive, double-digit growth across categories.”

He said, "We expect growth in the second half of this financial  year to be better than the first half."

During the quarter, GCPL's India business grew 12 per cent while its international business grew 20 per cent.

GCPL shares were trading three per cent up at Rs 1,056 apiece during the afternoon session on the BSE.