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Godrej quarterly net zooms 73%

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

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 1 July, 2013.

Net sales during the period under review stood at Rs 1,715.51 crore as against Rs 1,323.04 crore, up 29.66 per cent, the company said in a statement.

Commenting on the performance, GCPL chairman Adi Godrej said: ‘We delivered another quarter with robust operating performance. 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.’

The company’s Indian sub-continent business posted net sales of Rs 955 crore during the quarter, up 18 per cent from the year-ago period.
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