GlaxoSmithKline Consumer Healthcare records strong growth for the quarter ended March 31, 2010. Sales increase by 20.0% and Profits up by 15.0%
23 April 2010
Gurgaon, NCR, India,April 23, 2010
GlaxoSmithKline Consumer Healthcare records strong growth for the quarter ended March 31, 2010
Sales increase by 20% and Profits up by 15%
Highlights for the quarter______________________________________________________
Sales and Profits register strong double digit growth
The first quarter closed with a stellar performance of 20% growth in sales and 15% in
Innovative product strategy, distribution and rural outreach drive overall growth
GlaxoSmithKline Consumer Healthcare Limited (GSKCH) today declared its financial results for the quarter ending March 31, 2010. Net sales at Rs. 648.43 crores recorded an impressive growth of 20% over 2009 with PAT at Rs. 96.16 crores growing by 15% for the same period and PBT growing by 11%, over last year to Rs. 146.49 crores.
Both Horlicks and Boost continued to power ahead during the first quarter. GSKCH increased its distribution network with added focus on Rural India.
"We have made a strong beginning to the year 2010 with impressive growth performances across our brand categories. Customer driven innovations will continue to be our driving force in the coming months. We as a company are confident of leading the industry in the health and wellness space.", said Zubair Ahmed, Managing Director, GlaxoSmithKline Consumer Healthcare Ltd.
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 the largest player 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 1,000 wholesalers and direct coverage of over 3,50,000 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.
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