GlaxoSmithKline Consumer Healthcare today said its net profit rose 19.30 per cent to Rs 131.97 crore for the first quarter ended March 31, 2012. The company had posted net profit of Rs 110.62 crore for the same period during the 2010-11 fiscal.
Net sales of the company rose to Rs 813.02 crore for the first quarter ended March 31, 2012, as against Rs 710.01 crore in Q1 last year.
The company’s Managing Director, Mr Zubair Ahmed said, “The company has shown consistent double digit growth over the years and the results of this quarter are also in line with the company’s strong performance.”
Along with these, cost efficiency initiatives and increased penetration across categories have helped the company deliver better results, Mr Ahmed said.
The company is continuously focusing on innovation and leveraging science to develop products, he added.
Shares of GSK Consumer Healthcare today closed at Rs 2,701 on the BSE, down 1.70 per cent from its previous close.