Thursday, Apr 25 2024 | Time 06:01 Hrs(IST)
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Business Economy


GSK Consumer Healthcare Q1 net marginally up by 2.92 percent

Mumbai, Aug 5 (UNI) GlaxoSmithKline Consumer Healthcare Ltd today reported a Marginal Increase of 2.92 percent in it net profit for the quarter ended June 30, 2106 at Rs. 160.61 crore as compared with the net profit of Rs. 156.05 crore in the same period last fiscal.
However,Total Income has decreased from Rs. 1128.87 crore for the quarter ended June 30, 2015 to Rs. 1118.56 crore for the quarter ended June 30, 2016.
The company Managing Director, Manoj Kumar, said ''The FMCG sector has been battling macroeconomic challenges resulting in lower consumption. However, we remain the market leader in HFD (health food drinks) ''
Launch of Rs. 10 sachet of Horlicks and Boost has helped in making the company’s products more accessible.
''We continue to remain bullish on our innovation agenda,'' he said, adding that GSKCH’s brand connect has been strengthened through deep insights-based communication ''which we believe will drive further consumption and trials in future '' .
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