GSK Consumer Q1 net profit up 19% YoY to Rs 132 cr

GlaxoSmithKline Consumer Healthcare reported a net profit of Rs 132 crore, up 19% year-on-year in the first quarter.

Total Income of the company, which makes nutritional products like Horlicks, Boost and over-the-counter medicines like Crocin, rose 15% year-on-year to Rs 836.41 crore in Jan-March.

On a sequential basis, GSK Consumer's net profit more than doubled, while total income was up 34%.

Analysts on average had expected GSK Consumer to report net profit of Rs 130 crore on revenue of Rs 848 crore.

In the first quarter, the company's raw material costs were 3% higher year-on-year at Rs 171.9 crore. However, sequentially input costs seem to be heading downward. They fell 11.5% compared with the Oct-Dec quarter.

GSK Consumer's advertising and promotional spends were Rs 109.14 crore in the first quarter, up 5.4% from a year ago.

GSK Consumer shares were down 2.1% at Rs 2,704.80 on NSE in late afternoon trading on Monday.