Wednesday, August 6, 2014

#GlaxoSmithKline Consumer Healthcare Ltd reports 9% growth in net profit for Q1, FY 2015

GlaxoSmithKline Consumer Healthcare Limited,subsidiary of GlaxoSmithKline plc. of U.K,has reported a 9% jump in net profit at Rs.130 crore for the first quarter ended June 30, 2014.Net sales grew by 8% at Rs.922 crore up from Rs.852.92 crore in the same quarter of the corresponding year.

Commenting on the results, Mr. Zubair Ahmed, Managing Director, GlaxoSmithKline Consumer Healthcare Limited said," “This is significant in a scenario where consumption pattern is being impacted by inflation…As a market leader we are also growing the category with successful launches of new products which are driving up consumption experiences. Our focused access strategy ensures that consumption and penetration has been the enabler for growth."