Its reviewed net profit grew in line with the expectations to Rs 37.1 crore and total income grew 14.5 per cent to Rs 215.9 crore this quarter over the same period last year. GCPL's share price on the Bombay Stock Exchange, however, dipped by 1.53 per cent to Rs 125.2 in a weak market.
Its soaps business, which forms 59 per cent of the company's total revenues grew up by nearly 5.5 per cent and hair colour business, which comprises 27 per cent of its revenues grew by 21 per cent. Its other businesses like toilerties grew by 38.6 per cent, liquid detergents (Ezee brand) by 26 per cent and by-products by 26 per cent. Market share of GCPL in soaps and hair dye remained largely unchanged at 9.1 per cent and 35.1 per cent, respectively
On the performance of company's international business, Adi Godrej, Chairman and Managing Director, GCPL, said "In our international operations, Keyline and Rapidol continue to do well and have contributed to our earnings for the year. We acquired Godrej Global Mideast FZE during October 2007, which will help us to consolidate our presence in the UAE and GCC countries. Another acquisition during April, 2008, our fourth in less than three years, was that of Kinky Group, South Africa. Kinky provides us with an opportunity to enter into a new line of business and enabled us expand our hair product portfolio."
The company would remain open to acquisitions in the hair care category and will focus on consolidating its relaunched brands in the domestic market. The company's audited net profit for the year ended March 31, 2008 grew 26 per cent to Rs 148.1 crore and total income grew 17.3 per cent to Rs 896.2 crore.
