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Godrej Consumer Products Ltd. delivered strong growth.
Sales of GCPL brands increased by 21 per cent, Profit After Tax was up 25
per cent. The Board of Directors declared a 50 per cent interim dividend.
Strong growth was demonstrated in both Soap and Personal Care segments. |
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GCPL announced its financial results for the
quarter ended 30 June, 2004 |
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Highlights |
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Quarter I, Financial Year 2004-2005 sales revenues
(net of excise) improve 16 per cent to Rs. 137 crores |
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Godrej Brand sales up 21 per cent
at Rs. 129 crores |
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Quarter I, Financial Year
2004-2005 Profit After Tax increases 25 per cent to Rs. 17 crores
translating to an Earnings Per Share of Rs. 3.05 |
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Continuing efficiency focus
enhances margins; increases Economic Value Added. EVA at Rs. 16 crores,
up 44 per cent |
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Quarter I, Financial Year
2004-2005 Return on Capital Employed and Return on New Worth ratios
(on closing Capital Employed and Closing Net worth) at 102 per cent
and 124 per cent, respectively |
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New product launches strengthen
GCPL’s presence in the Toilet Soaps category, widen spectrum of
offerings |
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Strategy of streamlining
distribution infrastructure and minimising inventory levels in the
Hair Colour category delivers results reflected in strong growth
compared to the corresponding quarter in the previous year |
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EPS improves from Rs. 2.40 to Rs.
3.05 |
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Board of Directors declare an
interim dividend of Rs. 2 per share |
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 ommenting
on the results, Adi B. Godrej, Chairman and Managing Director, GCPL, said: "The
results for the quarter reflect the Company’s ability to deliver sustained
growth. Numerous initiatives that include amongst others, the introduction of
consumer-centric products and variants, initiating operations in economically
backward areas and consistent efficiency optimisation have all contributed
towards making Godrej Consumer Products a leaner and highly energised Company
that is well positioned to identify and capture opportunities. Both our
structure and our strategy are delivering success and we remain confident of our
ability to deliver continued growth in performance in the current financial
year."
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folks want to serve God, but only as advisers.
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