Godrej Consumer Q2 FY07 net dips 6 pc

New Delhi, Oct 30: Godrej Consumer Products Ltd today posted a 6 per cent decrease in its net profit at Rs 26.14 crore for the second quarter ended September 30, 2006, from Rs 27.81 crore for the same last year.

The company's total income, however, increased to Rs 183.06 crore for the quarter, higher by 12.22 per cent, as compared to from Rs 163.13 crore for the corresponding period previous year.

Its board declared a second interim dividend of Rs 0.75 per share, which is 75 per cent on the shares of the face value of Re 1 each for the financial year 2006-07.

''During the quarter, we completed the acquisition of Rapidol, which has given us a foothold in the fast growing African ethnic hair colour market. Going forward, our thrust will be three pronged.

Firstly, we will look at strengthening growth in our present business categories, secondly we propose to identify new business opportunities within the FMCG sector and last but not the least, we will continue to drive inorganic growth,'' GCPL Chairman and Managing Director Adi Godrej said.

The group reported a net profit of Rs 3.10 crore and its total income stood at Rs 234.66 crore for Q2 FY07.

UNI