During the period ended September 30, there has been sale of certain brands within its entities that will derive benefits of future tax deductions for the group. Consequently, a deferred tax asset amounting to Rs 111.05 crore has been recognised in the consolidated financial results, GCPL said.
In value terms, the company said its sales in India grew by 1 per cent to Rs 1,490 crore, while volume growth was 7 per cent led by new product launches, effective marketing campaigns and consumer offers.
Household insecticides revenue in India was at Rs 683 crore, soaps at Rs 491 crore, hair colour at Rs 160 crore, while other categories stood at Rs 179 crore, it added.
GCPL said its international business clocked net sales of Rs 1,144 crore, up 4 per cent.
The company also said its board has declared interim dividend of Rs 2 per share, 200 per cent on shares of face value of Re 1 each, for the financial year 2019-20.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.