FMCG major Godrej Consumer Products Limited (GCPL) today reported 29.28 per cent decline in consolidated net profit at Rs. 236.28 crore for the quarter ended March 31, 2014, due to exceptional items in the corresponding quarter of FY'13.
The company had reported a net profit of Rs. 334.14 crore in the corresponding period last year, Godrej Consumer Products said in a BSE filing.
GCPL had reported exceptional item of Rs. 128.90 crore in the quarter ended March 31, 2013.
During the period under review, the company's net sales stood at Rs. 1,924.01 crore, up 12.01 per cent, as against net sales of Rs. 1,717.65 crore in the corresponding quarter last fiscal.
Overall expenses of the company in the quarter were at Rs. 1,602.91 crore as against Rs. 1,458.5 crore in the same quarter last year.
The company said figures of the current quarter are not comparable to that of the corresponding quarter of the previous year because of the acquisitions made since then.
During fiscal 2013-14, GCPL reported net profit of Rs. 759.73 crore, compared to Rs. 796.10 crore in the previous fiscal.
The company also said its board of directors has declared a fourth interim dividend of Re 2.25 per share for the financial year 2013-14.
Shares of Godrej Consumer were trading at Rs. 791.80 apiece in the afternoon trade, down 1.69 per cent from their previous close on the BSE.