Homegrown FMCG major Godrej Consumer Products Ltd (GCPL) today reported 79.88 per cent jump in consolidated net profit at Rs 405.04 crore in the first quarter ended June 30, 2018, driven by strong domestic market performance.
The company had posted a consolidated net profit of Rs 225.17 crore in the corresponding period last fiscal, GCPL said in a BSE filing.
Consolidated total revenue from operations during the quarter under review stood at Rs 2,476.02 crore. It was at Rs 2,271.24 crore in the year-ago period.
The two figures are not comparable as sales for the June 2018 quarter is net of GST, whereas in the year-ago period it was is gross of excise duty.
The company said its board has declared an interim dividend for the year 2018-19 at the rate of Rs 2 per share. It has also approved issue of bonus shares in the ratio of 1:2 i.e. one bonus equity share of Re 1 each for every two fully paid-up equity share.
GCPL Executive Chairperson Nisaba Godrej said, "We have had a good start to fiscal year 2019 with profitable, ahead of the market growth across most geographies and categories."
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