Godrej Consumer Q1 consolidated net at Rs 34cr

Godrej Consumer Products (GCPL) today reported a consolidated net net profit of Rs 34.13 crore for the first quarter ended June 30, 2006. Total income stood at Rs 238.44 crore in Q1FY07.

The company, on a stand-alone basis, posted a net profit of Rs 30.49 crore in Q1FY07 as against Rs 27.12 crore in Q1FY06. Total income increased to Rs 192.40 crore from Rs 167.96 crore in Q1FY06.

Adi Godrej, chairman and managing director of the company, said: "I am pleased to report continuing growth on the back healthy operating performance. Our profitability continues to be strong despite a significant increase in investments in advertising and promotional activity. We have taken one more step towards establishing our presence in the global market with the acquisition of Rapidol, South Africa. Domestically our expanded soap, hair colour and toiletry facilities, which will be operational in FY07, will enable us cater to the healthy demand growth we are witnessing. I remain confident of GCPL's ability to maintain its strong growth momentum."