GlaxoSmithKline Consumer Healthcare Q1 '06 PAT growth at 30.6%, Gurgaon, April 28, 2006
28 April 2006
GlaxoSmithKline Consumer Healthcare posts strong Q1 '06 PAT growth at 30.6% Gurgaon, April 28, 2006: GlaxoSmithKline Consumer Healthcare Limited (GSKCH) today declared its financial results for quarter ended March 31, 2006. "Our strong cost containment programme has helped us completely offset rising input costs. As a result we have been able to invest aggressively behind our brands enabling us to grow our top line sales by 19.2 % leading to an increase in PAT growth of 30.6 %", said Nick Massey, Managing Director, GlaxoSmithKline Consumer Healthcare Ltd. Sales stood at Rs. 303 Crores, PBT amounted to Rs. 54 Crores, representing a growth of 43.7 % while PAT stood at Rs. 34 Crores for the quarter ended March 31, 2006. _________________________________________________________________________
About GlaxoSmithKline Consumer Healthcare Ltd. GSKCH 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.