Wipro Consumer Care operating profit up 79%

Wipro Consumer Care (WCCL), which has one of the best operating margins of 12 per cent in the Indian FMCG sector, furthered its record by logging a 79 per cent growth it operating profit during the second quarter of the current financial year.

The acquisition of Singapore-based personal care company Unza by Wipro Ltd for $246 million seems to be paying off. Revenues grew 84 per cent to Rs 372 crore.

Unza, the Singapore-based personal care company, which was acquired by Wipro in July this year, contributed Rs 11 crore to WCCL's operating profit.

According to the company, Unza started contributing to WCCL's revenues and operating profit only during the last two months of the quarter.

"In this quarter, Unza contributed Rs 120 crore to our total sales and Rs 11 crore to the operating profit," WCCL's President Vineet Agarwal said.

WCCL's revenues from the domestic business grew 25 per cent. This is the 16th consecutive quarter of over 20 per cent growth for WCCL.

In the domestic market, institutional lighting was a major revenue generator as it grew 46 per cent. The company's flagship soap brand Santoor grew 28 per cent.

Globally, Unza's Enchanteur and Safi brands performed well. Agarwal said the modular furniture business, a recent addition to WCCL's offering, grew at 48 per cent.