Godrej Consumer Products gains on strong Q3 results

Company's net profit increased by 34.6% and total income increased by around 13%

Godrej Consumer Products has gained around 3.4% to Rs 1,061.40 On BSE after its net profit increased by 34.6% to Rs 263.57 crore in the quarter ended, December 2014 compared to the net profit of Rs 195.77 crore in the quarter ended December, 2013.
 
The total income of the company from operation increased by around 13% to Rs 2,247.78 crore in the quarter ended December, 2014 from Rs 1,996.00 crore in the same quarter last fiscal.
 
The Board of Directors of the Company at its meeting held on February 05, 2015, inter alia, has declared a third interim dividend @ Re. 1/- per share (100% on the shares of the face value of Re. 1/-each) for the financial year 2014-15.

 
The stock opened at Rs 1,026 and has hit a high of Rs 1,078 till 12:50 hrs while around 2.6 lac shares have changed hands on BSE and NSE combined.