Consumer Products

 

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.

GCPL announced its financial results for the
quarter ended 30 June, 2004

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
 

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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