Wipro consumer care profit rises 26%

BANGALORE: Despite a slowing economy, Wipro Consumer Care and Lighting (WCCLG), the FMCG arm of Wipro, has reported a 26% growth in earnings before interest and tax (EBIT) at Rs 142 crore in the January to March quarter of 2012-13, compared to Rs 113 crore in the same quarter of the previous year. Revenues in the same period stood at Rs 1,135 crore, a growth of 25% over Rs 907 crore.

The revenues were driven by the personal care business, which consists of brands such as Yardley, Santoor, and Enchanteur.

For the fiscal ended March 31, the company's revenues stood at Rs 4,150 crore and EBIT at Rs 509 crore, a growth of 24.25% and 28.86% respectively.

The figures include the numbers of LD Waxson, a Singapore based company that WCCLG acquired in the preceding quarter.

During the year, WCCLG's business in Indonesia reported the highest growth at 35%, followed by China 31%, Middle East 26%, and Vietnam 25%.

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