Ponds India

This has been marginally higher than previous years growth of 23 per cent.

On the other hand, profit at the net level increased at a slower pace to Rs 46.95 crore, which is a jump of 24 per cent as compared with a 25 per cent rise in the previous year.

The main reason for this has been a 25 per cent drop in other income, which fell from Rs 3.58 crore to Rs 2.58 crore. Also, Ponds has managed to retain its margins. With a 22.80 per cent leap in operating profit, OPM stood at 16.45 per cent, marginally lower than previous years 16.70 per cent.

At Rs 107 crore, exports sales recorded a increase of 16 per cent.

The consolidation of existing markets and accessing new markets in thermometers and garments have started playing a major role.

Further, increased sourcing of personal products by Unilever companies abroad has helped the company considerably.

Since the company is well positioned, one can expect similar growth in the future also. However, profitability margins would improve on its ability to reduce operational costs.

In the last couple of weeks, the companys stock has gained around 30 per cent, which is more or less in line with the market. However, with nothing surprising in the results, one may expect profit-booking on this counter.