Godrej Consumer net drops 4.47% in Mar`08 qtr

[B. KARTHICK]

Godrej Consumer Products announced a decline in standalone net profit
for the quarter ended March 2008. During the quarter, the profit of
the company declined 4.47% to Rs 371.50 million from Rs 388.90 million
in the same quarter last year. The company posted earnings of Rs 1.64
a share during the quarter, registering 4.65% decline over prior year
period.

Net sales for the quarter rose 13.74% to Rs 2,124.30 million, while
total income for the quarter rose 14.57% to Rs 2,159.10 million, when
compared with the prior year period.


Quarterly Results - standalone (Rs in mn)
As at Mar - 08 Mar - 07 %Change
Net Sales 2124.30 1867.60 13.74
Net Profit 371.50 388.90 (4.47)
Basic EPS 1.64 1.72 (4.65)


During the quarter the company announced a rise in operating margin by
392.69 basis points to 21.37% on lower production cost. On the other
hand, there is a decline of 96.36% in interest charge to Rs 21.60
million and rise of 1.33% in depreciation charge to Rs 38.00 million
over previous year period.

Annual Result:
The company posted a net profit of Rs 1,481 million for the year ended
Mar. 31, 2008 as compared with Rs 1,321.60 million for the year ended
Mar. 31, 2007, an increase of 12.06%.

For the financial year ended March 2008, the company`s net sales
jumped 17.01% to Rs 8,875.90 million compared with Rs 7,585.20 million
for the year ended March 2007.

Total income for the year rose 17.34% to Rs 8,962.90 million compared
with Rs 7,638.20 million last year.

The EPS rose by 12.13% to Rs 6.56 for the year ended Mar. 31, 2008
from Rs 5.85 last year.


Annual Results - standalone (Rs in mn)
As at Mar - 08 Mar - 07 %Change
Net Sales 8875.90 7585.20 17.01
Net Profit 1481 1321.60 12.06
Basic EPS 6.56 5.85 12.13