GSPL Q2 Net up 20.3% at Rs 234.53 cr

FMCG firm Godrej Consumer Products Ltd (GCPL) today reported a 20.3 per cent growth in its consolidated net profit at Rs 234.53 crore for the quarter ended September 30, 2014.
The firm had posted a net profit of Rs 194.97 crore in the year-ago period, it said in a BSE filing.
Consolidated net sales rose by 4.6 per cent to Rs 2,047.51 crore in the July-September quarter this fiscal from Rs 1,957.38 crore in the same quarter of 2013-14.
GSPL also declared a second interim dividend of Rs 1 per share for 2014-15.
Commenting on the performance, Godrej Group Chairman Adi Godrej said: "Consumer demand remained subdued in the second quarter of fiscal year 2014-2015, making this one of the slowest years of growth for the Indian FMCG industry in over a decade."

Sales were however impacted by a soft performance in the household insecticide category due to deficient and delayed monsoon in India and the impact of an adverse forex translation in the international businesses, he added.
Overall, the international businesses delivered a good constant currency growth of 12 per cent. Indonesia, the firm's largest international business, achieved a strong constant currency growth of 15 per cent, Godrej said.
"In this uncertain environment, we continue to focus on sustaining and extending leadership in our core categories. We are managing our costs prudently in the near term, while investing for the longer term. We are confident that the second half of this year will be better than the first half," he added.