GlaxoSmithKline Consumer Healthcare Q1 '05 PAT up 35.2%, Sales grow 7.1%, Nabha, April 28, 2005

GlaxoSmithKline Consumer Healthcare Q1 '05 PAT up 35.2 %, Sales grow 7.1 %

Nabha, April 28, 2005

GlaxoSmithKline Consumer Healthcare Limited (GSKCH), a global nutritional healthcare company present in India since 1958, today declared its financial results for quarter ended March 31, 2005. Sales stood at stood at Rs.254.3 crore , representing a growth of 7.1%. PAT rose 35.2%, at Rs. 26.4 crore. PBT grew 24.9%.

With strong Q1 sales performance, GSKCH has continued the momentum built up across 2004. "Our objective in 2005 is to achieve strong top line and bottom line growth. We plan to grow faster than we did last year. Our in-house cost reduction programme is beginning to yield returns and we look forward to re-investing these monies to build our brands" said Nick Massey, Managing Director, GlaxoSmithKline Consumer Healthcare Ltd.

PBT for the quarter ended March 31, 2005, amounted to Rs. 37.6 crore (against Rs. 30.1 crores in Q1 2004), representing a growth of 24.9 %. PAT stood at Rs. 26.4 crore, against Rs. 19.5 crores in Q1 2004, a growth of 35.2 %.

About GlaxoSmithKline Consumer Healthcare Ltd.

GSKCH, which was established in 1958, is an associate of GlaxoSmithKline plc. of the U.K, a global science based healthcare company. GSKCH has continually benefited from the technical and marketing inputs that have been available as a consequence of this association. GSKCH is one of the largest players in the health food drinks industry. The Company with its manufacturing plants located in Nabha, Rajahmundry and Sonepat has a total workforce of about 2700 people.

GSKCH has a strong marketing and distribution network in India comprising over 1800 wholesalers and direct coverage of over 4,50,000 retail outlets. Its flagship product, Horlicks, is a widely regarded and highly respected brand for over 100 years. The Company also manufactures and markets Boost, Viva and Maltova and in addition markets and distributes a number of products in diverse categories, which include prominent household names such as Eno, Crocin and Iodex.