GlaxoSmithKline Consumer Healthcare Limited announces results for the quarter 3, 2017

GlaxoSmithKline Consumer Healthcare Limited announces results for the quarter ended December 31, 2017

 

Comparable* Revenue growth of 19%, PBT growth of 23%

 

 

Highlights for the third quarter ended December 31, 2017

  • Revenue for the quarter is at Rs. 1,035 Cr and Profit before tax (PBT) at Rs. 253 Cr
  • Health food drink portfolio continues to be the market leader with 55.7% (Value share) and 64.1% (Volume share) – (MAT December 2017)

 

Gurugram, 12 February 2018: GlaxoSmithKline Consumer Healthcare Limited today declared its financial results for the third quarter ended December 31, 2017. The comparable* Revenue for the company recorded a growth of 19% on the back of a strong performance by Base Horlicks and Boost across regions. As a result, the quarter recorded revenue of Rs. 1,035 Cr, while the PBT for the quarter is at Rs. 253 Cr, which is a growth of 23%

 

Commenting on the results, Navneet Saluja, Managing Director, GlaxoSmithKline Consumer Healthcare Limited said, “We have delivered a strong Q3 owing to robust performances by Base Horlicks and Boost that witnessed increased market penetration and access. Our distribution for Health Food Drinks during the quarter was also amongst the best we have witnessed for some time now.”

 

“We are confident that domestic consumer demand led by a revival in rural markets owing to the Government’s strong focus on rural development and higher spending on health and nutrition  will create positive momentum for the sector.”

 

“Given our strong commitment to high science, investments behind our brands combined with continued innovation and sharp customer insights, we are confident that we will grow ahead of the market in the quarters to come,” added Saluja.

 

 

Performance Highlights:

  • Base Horlicks witnessed a strong growth
  • Sachet continues to drive penetration across regions
  • Boost continues to remains a strong performer
  • Rural business continues to deliver high value growth

 

Health Food Drinks – Market share

  • Our health food drink portfolio continues to be the market leader with 55.7% (Value share) and 64.1% (Volume share) – (MAT December 2017)

 

About GlaxoSmithKline Consumer Healthcare Ltd

GSK Consumer Healthcare Ltd is the category leader in Indian health food drinks industry. Our flagship product Horlicks leads the market, while Boost is among the top three health food drink brands that India prefers. Our manufacturing plants are located in Nabha, Rajahmundry and Sonepat. In India we have an engaged workforce of over 3500 employees. GSK also markets and distributes a range of everyday health products such as Eno, Crocin, Iodex and Sensodyne. Our marketing and distribution network comprises over 700 distributors and a direct coverage of over 8 lakh retail outlets.

 

GSK Consumer Healthcare Ltd is an associate of GlaxoSmithKline plc. of U.K, one of world’s largest consumer healthcare companies. We have a heritage that goes back over 160 years. Our purpose is to help more people around the world to do more, feel better and live longer with everyday healthcare products.  Our goal is to build a global, growing business - we call a Fast-Moving Consumer Healthcare (FMCH) company - dedicated to everyday healthcare with all of the scientific expertise and quality guarantees that demands, working at the speed and with the genuine consumer understanding the modern world expects.

 

GSK Consumer Healthcare globally owns some of the world’s best loved healthcare brands, successful in over 100 countries. These include Sensodyne, Theraflu, Paradontax, Panadol, Polident, Otrivin, Horlicks and Physiogel.

 

 

Media Contacts

Genesis Burson-Marsteller

Rikhil Seth: rikhil.seth@bm.com / +91 9811818270

M Sindhu: m.sindhu@bm.com /+91 9899428304

 

GlaxoSmithKline Consumer Healthcare

Deepa Dey: deepa.d.dey@gsk.com

Kinshuk Gupta: kinshuk.x.gupta@gsk.com