Godrej Consumer up on Q1 results

The Godrej Consumer Products scrip surged 8.45 per cent to Rs 225 on healthy quarterly numbers. The consolidated net profit increased 78 per cent for the June quarter to Rs 70 crore, while revenues increased 21 per cent to Rs 439 crore during the quarter.

The company’s operating margins expanded 600 basis points, on account of reduced input costs and operation costs. Reports of GCPL’s plan to buy stakes in Godrej Sara Lee also pushed up investors’ interest in the stock. The stock made an intraday high of Rs 235 and a low of Rs 208.05 with trading volumes of 3.3 lakh shares.