GlaxoSmithKline Consumer Healthcare Q1 '08 PAT up by 34.1%, Gurgaon, Apr 25, 2008
25 April 2008
GlaxoSmithKline Consumer Healthcare records unprecedented growth for the quarter ended March 31, 2008
Sales up 25.7% and Profits up 34.1%
Highlights for the quarter_______________________________________________________
Launches two new products - Women's Horlicks and ActiBase
Clocks highest ever sales
Horlicks campaign wins the prestigious Gold at the GoaFest Abby's
Focus on leading and driving High Performance culture
GlaxoSmithKline Consumer Healthcare Limited (GSKCH) today declared its financial results for the quarter ended March 31, 2008. For the first quarter, sales at Rs. 4106 million were up by 25.7 %, with PBT growing by 34.1% to Rs. 864 million and PAT growing by 33.6% to Rs. 566 million.
The unprecedented launch of two products during the quarter this year shows GSKCH's commitment and focus on growth through customer-driven innovations in existing and new product categories while continuing investments behind our brands," said Zubair Ahmed , Managing Director, GlaxoSmithKline Consumer Healthcare Ltd.
The first quarter of 2008 started off with strong brand-led activities aimed at delivering the high growth plans for the business with the launch of products designed with specific consumer needs in mind. Starting the year was the launch of 'Women's Horlicks' - India's first health drink designed keeping women's nutritional needs in mind. Soon thereafter 'ActiBase' was launched under the Glaxo Nutrition umbrella to tap into the fast growing specialist nutrition segment.
Both Horlicks and Boost continued to power ahead with Horlicks achieving highest ever sales. Boost signed up two emerging cricket stars, M S Dhoni and Ishant Sharma as the new brand ambassadors.
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 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.
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