GlaxoSmithkline Consumer Healthcare reports 17% cut in Q2 net profit

Glaxosmithkline Consumer Healthcare Ltd. - (Amalgamated) | Consumer Food | FMCG | BSE: 500676 | NSE: GSKCONS

08 Nov 2016 Evaluate

GlaxoSmithkline Consumer Healthcare has reported results for second quarter ended September 30, 2016.

The company has reported 16.62% fall in its net profit at Rs 183.72 crore for the quarter under review as compared to Rs 220.34 crore for the same quarter in the previous year. Total income of the company decreased marginally by 0.82% at Rs 1250.58 crore for the quarter under review as compared Rs 1260.95 crore for the corresponding quarter 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.

Peers

Company Name	CMP
Nestle India	1343.65
Varun Beverages	431.50
Britannia Industries	4843.60
LT Foods	408.30
Hatsun Agro Product	1114.00
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