GlaxoSmithKline Consumer Healthcare records strong growth for the quarter ended 31st March 2009. Sales up 31.3% and Profits up 48.4%
31 March 2009
GlaxoSmithKline Consumer Healthcare records strong growth for the quarter ended March 31, 2009
Sales up 31.3 % and Profits up 48.4 %
Highlights for the quarter_______________________________________________________
Clocks highest ever sales
In its Golden jubilee year, declares Final Divided @ Rs.5/- per equity
Launches two new products – ActiGrow & Horlicks Nutribar
Boost is the "official energy drink" partner of the Rajasthan Royals
Focus on leading and driving Empowerment culture
GlaxoSmithKline Consumer Healthcare Limited (GSKCH) today declared its financial results for the quarter ended March 31, 2009. For the first quarter, sales at Rs. 5,39,37 Lacs were up by 31.3 %, with PBT growing by 53.3 % to Rs. 1,32,37 Lacs and PAT growing by 48.4 % to Rs. 83,89 Lacs.
In its Golden Jubilee year, the Company also declared final dividend @ Rs.5.00 per equity share of Rs.10 each for the year ended 31 December 2008.
The year 2009 started with the introduction of HORLICKS NUTRIBAR, a nutritional snack for health conscious people. The product has been very well received by consumers. alike and the initial off-take reports are extremely encouraging. Soon thereafter ActiGrow, a high protein content baby food, was also launched during the quarter. This marks a very good beginning to what promises to be an action packed year of new product introductions.
Riding the 2009 IPL fever, Boost tied-up with Rajasthan Royals as its "official energy drink" partner.
"During the year 2009, the company will be focusing on the strategic intent to become undisputed leaders of the health & wellness category in India by delivering more products of value to our customers." 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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