GlaxoSmithKline Consumer Healthcare FY 2012 Financial results draft Feb 2013
15 February 2013
Gurgaon, NCR India, Feb 15, 2013
GlaxoSmithKline Consumer Healthcare Ltd records high growth for the year ended December 31, 2012
- Sales rise by 15% and Profits up by 20%
- Recommend a total Dividend of Rs. 45 per equity share of Rs. 10 each
GlaxoSmithKline Consumer Healthcare Limited (GSKCH) today declared its financial results for the year ended December 31, 2012. Net sales at Rs 3,079 crores recorded a growth of 15% over 2011 with PAT at Rs. 437 crores growing by 23% for the same period and PBT at Rs 649 crores growing by 20%. For the Q4 2012, net sales recorded were Rs. 709 crores with profits of Rs 103 crores (before tax) and Rs 70 crores (after tax).
The Board of Directors of the Company also recommended a Dividend at the rate of Rs. 45 per equity share of Rs. 10 each for the year ended December 31, 2012.
Commenting on the results, Mr. Zubair Ahmed, MD, GSKCH said, “GSKCH has been recording robust growth year-on-year across the portfolio. By leveraging our equity in marketing and sales, the company has been recording double digit revenue growths. The last quarter, too has fared well. Science based innovation coupled with communication developed through consumer insights have significantly contributed to the company’s growth. The company has been able to deliver progressive results due to cost effective solutions and intensive penetration drives across rural and north & west markets.”
GSKCH is committed to topline growth and has been exceeding expectations over the last quarters by maintaining its performance remarkably.
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 3450 people.
GSKCH has a strong marketing and distribution network in India comprising over 650 distributors and a direct coverage of over 7,00,000 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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