GlaxoSmithKline Consumer Healthcare Q4 '05 PAT up 46.5%, Gurgaon, Jan 24, 2006
24 January 2006
GlaxoSmithKline Consumer Healthcare achieves double digit sales growth 2005 PAT up by 46.5 % Gurgaon, January 24, 2006: GlaxoSmithKline Consumer Healthcare Limited (GSKCH), a global nutritional healthcare company present in India since 1958, today declared its financial results for year ended December 31, 2005. Sales stood at Rs. 1089.02 crore with the company achieving a double digit sales growth of 10.9% over 2004. PAT grew by 46.5%, over last year to Rs. 107.15 crore and PBT grew by 40.4%, over last year to Rs. 162.42 crore. "2005 has been a year of strong all-round performance for the business", said Nick Massey, Managing Director, GlaxoSmithKline Consumer Healthcare Ltd. "I am pleased to state that we've achieved a double digit sales growth over 2004 with our key brands Horlicks and Boost doing exceptionally well. This top-line and bottom-line growth has been achieved as a result of strong focus on consumer-centric innovation and brand support, that have been fuelled by savings arising out of a well executed in-house cost containment programme." _________________________________________________________________________
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.