GlaxoSmithkline Consumer Healthcare has reported results for first quarter ended June 30, 2016.
The company has reported a rise of 2.92% in its net profit at Rs 160.61 crore for the quarter ended June 30, 2016 as compared to Rs 156.05 crore for the same quarter in the previous year. However, total income of the company decreased by 0.91% to Rs 1118.56 crore for the quarter under review, from Rs 1128.87 crore for the corresponding quarter of the previous year.
GlaxoSmithKline Consumer Healthcare is a subsidiary of GlaxoSmithKline plc of UK. GlaxoSmithkline Consumer Healthcare’s core business is manufacturing of health drinks under the brand Horlicks. It exports products to countries like Bangladesh, Myanmar, Sri Lanka, Middle East, Fiji, Mauritius, Nepal, Bhutan and many more.
