Business Daily from THE HINDU group of publications
Saturday, Jul 28, 2007
ePaper
Business Daily from THE HINDU group of publications Saturday, Jul 28, 2007 ePaper |
|
|
|
|
|
|
|
Corporate Results
-
Personal Products Godrej Q1 net doubles
Our Bureau Mumbai, July 27 Godrej Industries Ltd (GIL) has posted a 97 per cent increase in net profit at Rs 32.5 crore (Rs 16.52 crore) for the quarter ended June 30, 2007. Total income increased by 11 per cent at Rs 201 crore (Rs 181.67 crore). Mr Adi Godrej, Chairman, said, “The results for the quarter reflect the company’s ability to deliver and sustain growth. Our continued focus on strategic investments in group companies and our diversified portfolio is yielding attractive returns. Our subsidiary, Godrej Properties continues its accelerated growth in the real estate market and is fast developing multiple projects in cities like Mumbai, Bangalore, Pune, Kolkata and Hyderabad. “This quarter our joint venture Godrej Sara Lee acquired Sara Lee Household and Body Care in India and Sri Lanka. This acquisition adds strong profitable brands like Kiwi and Brylcreem to Godrej Sara Lee’s portfolio. We will continue our focus on our businesses and strategic investments and I expect them to significantly add to shareholder value, going forward.” The company continues to be the market leader in oleo–chemicals and surfactants in the country. In Q1 FY 2007-08, the chemicals division contributed 76 per cent to the total revenue of the company. The division has shown a revenue growth of 11 per cent for Q1 2007-2008 at Rs 152 crore (Rs 138 crore). The division exports to more than 60 countries in the world and its export sales grew by 43 per cent.
More Stories on : Personal Products
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|