Godrej Consumer Products Q1 Results To Boost Schemes Performance

Godrej Consumer Products has posted a net profit after tax of Rs 35.79 crores for the quarter ended 30 June 2007 where as the same was at Rs 30.49 crores for the quarter ended 30 June 2006.
As an impact of the impressive Q1 results of the company its share prices jumped by 2.10% to Rs 141.00 reported at BSE at 12.47 PM on 31 July 2007.

The rising prices of shares on the stock market will have a positive impact on the NAVs of the various mutual funds. ING Midcap Fund (G) will benefit the most as it has highest exposure to Godrej Consumer Products among the peer groups who have invested into the stocks of the company. The scheme has 1.99% of its portfolio holding in the company with 52,210 units as on June 2007.

It is followed by ING Tax Savings Fund (Bonus) (1.95% of its portfolio size), Franklin FMCG Fund - (G) (1.65%), Fidelity India Special Situations Fund (G) (0.97%) as on June 2007.

DSP ML Equity Fund (D) was holding 4.22 lakh units on 31 May 2007 has sold all its shares as on June 2007 and is thus less likely to benefit. DSP ML Balanced Fund - (G) was holding 1.18 laks units on 31 May 2007 has sold all its shares as on June 2007 and thus is less likely to benefit.