By: Ishita Ayan Dutt & Avishek Rakshit |Kolkata| Business Standards
Last updated : January 23, 2019 7:42 pm
Net sales increased 11% to Rs 2,358 crore
The net profit growth was led in part by a lower exceptional loss in the quarter, narrowing to Rs 0.5 crore from the earlier period's Rs 77.5 crore. Total expenses rose 11% to Rs 2,009 crore; that on advertising and a publicity shot up 21%.
Raw material expenditure, however, grew only 8%.
Chairman Adi Godrej said the company had delivered a strong operating performance in the quarter despite a strong base in the previous year. The stock price was down 0.2% on the BSE exchange, closing the day’s trade at Rs 1,528.