FMCG firm GlaxoSmithkline Consumer Healthcare has witnessed an increase of 19.56% in its standalone net profit for the quarter ended June 30, 2009 , which rose to Rs 55.19 crore from Rs 46.16 crore in the same quarter previous year.

In addition, company's net sales increased 29% to Rs 485.53 crore, while total income for the quarter increased 22.12% to Rs 491.56 crore, when compared with the prior year period.

Reports suggest that GlaxoSmithKline Consumer Healthcare is looking for tie-ups with several big retail players, including Big Bazaar, to enhance its business of products which are used as medicines and sold without prescription, or over-the-counter products.

The scrip of the company today closed at Rs 1080, up 2.33 per cent compared to its previous close of Rs 1055.