Godrej Consumer Products posts Q1 net profit at Rs 130.5 crore

MUMBAI: Homegrown consumer goods player Godrej Consumer Products ( GCPL) today announced a consolidated net profit of Rs 130.5 crore for the June quarter, boosted by a 39 per cent rise in sales.

The maker of mosquito repellent Good Knight and soap Cinthol amongst other products, GCPL had a net profit of Rs 239.3 crore in the corresponding quarter previous fiscal.

The company said the numbers for the current quarter are not comparable with year-ago period because of the acquisitions made since then.

During the reporting quarter, the company acquired a 60 per cent stake in Chilean firm Cosmetica Nacional for an undisclosed amount.

However, the company's consolidated sales rose 39.16 per cent to Rs 1,388.64 crore, compared to Rs 997.84 crore in the June quarter of FY12.

Its standalone net stood Rs 91.94 crore during the reported quarter as against Rs 219.84 crore in the year-ago period, while sales stood at Rs 777.66 crore compared to Rs 625.55 crore in previous fiscal.