Advertisement

HindustanTimes Sun,20 Apr 2014

Godrej cons Q4 net zooms 73%; heiress Nisaba rises

PTI  New Delhi, April 30, 2013
First Published: 21:13 IST(30/4/2013) | Last Updated: 21:16 IST(30/4/2013)

Homegrown FMCG major Godrej Consumer Products Ltd (GCPL) on Tuesday reported a whopping 73.45% increase in net profit at Rs. 334.14 crore for the fourth quarter ended March 31, 2013, on the back of robust growth in domestic business.

Advertisement

Signalling the progression of the next generation of the promoter family in management of the company, which had posted a net profit of Rs. 192.64 crore in the same quarter of previous fiscal, Nisaba Godrej, daughter of GCPL chairman Adi Godrej, has been appointed as an executive director with effect from July 1.

Net sales during the period under review stood at Rs. 1,715.51 crore as against Rs. 1,323.04 crore, up 29.66%, the company said.

Commenting on the performance, GCPL Chairman Adi Godrej said: “Our sales growth remains healthy and we continue to carry forward the strong momentum from the earlier quarters. We continue to intensify our focus on innovation.”

Shares of GCPL closed at Rs. 836 per scrip, down 2.27% on the BSE.

GCPL also announced a top level management change with the appointment of Vivek Gambhir as its MD with effect from July.

Advertisement
more from Business

700 trainees opt for exit plan at Nokia’s Chennai plant

Finnish handset maker Nokia, struggling to shepherd its Chennai plant into its agreement to be bought by US software giant Microsoft amid tax disputes in India, has got some success with 736 of its trainees accepting the voluntary separation scheme.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved