Godrej net up 38.81%

FMCG major Godrej Consumer Products posted a 38.81 per cent rise in net profit at Rs 36.12 crore for the quarter ended December 31, 2005, as compared with Rs 26.02 crore in the year-ago period.

Total income increased by 12.16 per cent to Rs 172.04 crore from Rs 153.38 crore in the corresponding quarter of last financial year, the company informed the Bombay Stock Exchange.

The board has also declared a 75 per cent third interim dividend for the current financial year, which works out to Rs 3 per share on shares with face value of Rs 4 each.

The group reported a consolidated net profit of Rs 35.77 crore for the quarter ended December 31, 2005. Consolidated total income stood at Rs 187.15 crore.

"We have delivered strong operating performance in this quarter in both our businesses following a similarly encouraging performance in the previous quarter, and built up momentum for future growth. The acquisition in October 2005 of keyline brands in the UK has further strengthened this platform," Chairman and Managing Director, Adi Godrej, said.