GlaxoSmithKline Consumer Healthcare Limited has declared its financial results for the fourth quarter and full year ended March 31, 2018. The comparable* Revenue for the company recorded a growth of 8%. The quarter reported revenue of Rs. 1,180 crore, while the PBT is at Rs. 319 crores, which is an increase by 18.3% compared to last quarter. The quarter also witnessed a volume growth at 5.3%. For the full year, the comparable* revenue is Rs. 4,377 crores which is an increase by 7.6% and the PBT is at Rs. 1,074 crores, which is an increase by 6.3% compared to last year.
The Board of Directors of the Company recommended a Dividend at the rate of Rs. 75 per equity share of Rs. 10 each for the year ended March 31, 2018.
Commenting on the results, Navneet Saluja, Managing Director, GlaxoSmithKline Consumer Healthcare Limited said in a press release, “I am very satisfied with the overall quarter performance specially on Volume growth in our health drinks portfolio and the share gain achieved by our lead brand Horlicks. The quarter witnessed the launch of Protein+, an advanced nutrition product, that will significantly strengthen our position in the high-science range and will further reinforce our leadership in the HFD category.”
“As a company, we remain committed to driving the nutrition agenda for the country through various initiatives which are also in line with Government’s National Nutrition Mission. We remain committed to our ACCESS & REACH agenda. Our rural coverage across 9 states where we operate has increased to 21,500 villages through Rural sub distributors and Village Level Entrepreneurs (VLE’s). Now we reach to around 3.5 lakh outlets directly in this channel. With a strong Government focus on Nutrition, better than expected monsoons and an improved business environment, we are bullish about the coming quarters” added Saluja.
Performance Highlights:
- Base Horlicks gained 1.1% market share to exit Q4’18 at 32.5%
- Boost continued to maintain its strong growth momentum with double digit volume growth.
- Horlicks Protein+ was launched with a 360-degree campaign with R. Madhavan and extensive expert marketing support under high science
- Boost launched a new thematic ‘Play A Bigger Game 3.0’ with a special unveiling by Virat Kohli through his social media page