Godrej Consumer Products today reported a consolidated net profit of Rs 31 crore for the second quarter ended September 2006.According to the release issued by the company to the BSE, total income stood at Rs 234.66 crore for Q2FY07.On standalone basis, the company posted a decrease net profit at Rs 26.14 crore for Q2FY07 from Rs 27.81 crore for Q2FY06. The total income however increased to Rs 183.06 crore from Rs 163.13 for Q2FY06."During the quarter, we completed the acquisition of Rapidol, a highly strategic and accretive transaction which has given us a foothold in the fast growing African ethnic hair colour market," Adi Godrej, chairman and MD of the company, said.
