GlaxoSmithKline Consumer Healthcare Ltd. records strong growth for the quarter ended September 30, 2011. Gross Sales up 18% and Profits up by 31%
04 November 2011
Gurgaon, NCR India, November 4, 2011
GlaxoSmithKline Consumer Healthcare Ltd. records strong growth for the quarter ended September 30, 2
Gross Sales up 18% and Profits up by 31%
Highlights for the quarter_______________________________________________________
Sales and Profits register strong double digit growth
The third quarter closed with 18% growth in sales and 31% in profits
New launches, cost curtailment initiatives support the growth of the company
GlaxoSmithKline Consumer Healthcare Limited (GSKCH) today declared its financial results for the quarter ended September 30, 2011. For the third quarter, the company reported an impressive sales growth of 18% over 2010. For the third quarter, net sales were at Rs 720 crores, with PBT growing by 30% to Rs. 153 crores and PAT growing by 31% to Rs. 103 crores for the same period.
Commenting on the results, Mr. Zubair Ahmed, MD, GSKCH said, "Our growth in the last quarter reflects the confidence the consumers have in our brands and we will continue the growth impetus of our Consumer Healthcare business with a consistent focus on innovation across all our brands"
The highlights of the quarter have been the launch of new variants of brands as well as innovative marketing initiatives.
About GlaxoSmithKline Consumer Healthcare Ltd.
GSKCH is an associate of GlaxoSmithKline plc. of 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 2900 people.
GSKCH has a strong marketing and distribution network in India comprising over 550 wholesalers and direct coverage of over 6,40,000 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 names such as Eno, Crocin, and Iodex as well as products from the global portfolio like Breathe Right and Sensodyne.
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