Godrej Consumer Products Limited has announced massive growth in its consolidated net profit at 41% to Rs 450.69 crore for the first quarter of the fiscal year; it was at Rs 319 crore in the same quarter a year ago. Even as profit went up, revenue from operations dropped by 3.4% to Rs 3,331.58 crore as against Rs 3,449 crore in the April-June period a year ago.
GCPL announced an interim dividend of Rs 5 per equity share; record date is August 16. Earnings before interest, tax, depreciation and amortisation went up by 12.7% year-on-year to Rs 724.5 crore as the EBITDA margin expanded 200 basis points to 21.8%.
Godrej Consumer Products has announced its entry into the pet care-products business in a strategic move and is likely to invest Rs 500 crore in the next five years. The company plans to start production in the new segment during the second half of FY 2006.
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Source: Moneycontrol
News Desk
