Godrej Consumer Products Ltd has reported better than expected results with an increase in net profit to Rs 336 million compared to Rs 261 million. Godrej attributes the 29 percent gain in net profits to higher margins. The sales increase by 15% at Rs 2102 million. Soaps account for 70% of sales for Godrej Consumer Products Limited. The sales were lower compared to first quarter but profits remained higher as margins were higher.

Godrej declared 75% second interim dividend for the current financial year. The company raised prices as the ram material cost increased.

The stock was marginally up at Rs 119.85. Godrej Consumer Products is hovering around its 52-week low. The stock markets have registered biggest single day gain today. The markets ended the day at 18492 with a gain of 878 points.