Credit rating agency, ICRA has assigned a rating of ‘AA’ for Godrej Consumer Products’ Non Convertible Debenture (NCD) programme of Rs 225 crore. This rating indicates high credit quality. The rated instrument carries low risk. The outlook for the long term rating is stable.
The company’s net profit for the second quarter of the current fiscal declined marginally by 0.70% at Rs 108.30 crore whereas the same was at Rs 109.07 crore for the quarter ended September 30, 2010. The company’s total income increased by 23.18% at Rs 781.32 crore for the quarter under review whereas the same was at Rs 634.31 crore for the corresponding quarter of the previous year.
