NEW DELHI, Apr 30: Personal care and household goods maker Godrej Consumer Products Ltd (GCPL) today posted 41.19 per cent jump in net profit for fiscal 2011-12 to Rs 726.72 crore, while its sales crossed the USD one billion mark for the first time on the back of strong growth in India and overseas markets.
GCPL had posted consolidated net profit of Rs 514.71 crore in 2010-11.
The firm’s net sales during the year grew 31.95 per cent to Rs 4,850.94 crore, against Rs 3,676.31 crore in 2010-11, it said in a statement.
Commenting on the sales crossing the USD one billion mark, GCPL Chief Financial Officer P Ganesh said: “We have calculated this on the average dollar-rupee rate for the year.”
In the fourth quarter ended March 31, 2012, the company posted 36 per cent increase in consolidated net profit at Rs 192.65 crore, compared to Rs 141.66 crore in the same period prior fiscal.
GCPL’s net sales in fourth quarter of 2011-12 increased 30.85 per cent to 1,323.04 crore as against Rs 1,011.04 crore.
“During the quarter Indian subcontinent business, clocked yet another strong growth of 21 per cent, led by high growths across core categories,” the statement said.
International business also grew at 27 per cent organically, it added.
During the year, GCPL completed acquisition of 51 per cent stake in Darling Group operations in South Africa, Nigeria and Mozambique.
The company also acquired 60 per cent stake in Cosmetica National, leading hair colorant firm in Chile.
GCPL Chairman Adi Godrej said the results were driven by several factors, including growth in international business, innovation, quality supply chain, and professional entrepreneurial culture.
“I continue to be very confident of the opportunities for GCPL both in India and overseas. We will continue to pursue a prudent but aggressive growth strategy through a blend of organic and inorganic initiatives,” Godrej said.
GCPL’s portfolio includes brands like Good Knight, Cinthol, Godrej No. 1, Expert, Hit, Jet, Fairglow, Ezee, Snuggy and Protekt.
The company’s board as declared a fourth interim dividend for the year 2011-12 at the rate of Rs 1.75 per share (175 per cent on the face value of Re 1 each). (PTI)
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