In a difficult market, fast moving consumer goods player Godrej Consumer Products (GCPL), on Saturday, reported a two per cent higher consolidated net profit at Rs.133 crore for first quarter of 2013-14. The company’s consolidated net sales for the period were up 24 per cent at Rs.1,720 crore, while the operating profit was up 11 per cent at Rs.225 crore.
The board of directors of the company declared a first interim dividend of Re.1 a share. In its standalone India business, the company reported a 16 per cent growth in net profit at Rs.107 crore. on 19 per cent higher net sales of Rs.923 crore.