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Godrej Consumer Q1 Results Highlights: Net Profit Soars 41%; Announces ₹5 Dividend
Last Updated: 7th August 2024 - 04:43 pm
Godrej Consumer Products Limited (GCPL) announced a consolidated net profit of ₹450.69 crore for the first quarter of the fiscal year, marking a 41% increase. The company's revenue from operations decreased by 3.4% to ₹3,331.58 crore
Godrej Consumer Q1 Results Highlights
On August 7, Godrej Consumer Products Limited (GCPL) announced a consolidated net profit of ₹450.69 crore for the first quarter of the fiscal year, marking a 41% increase from ₹319 crore in the same period last year.
However, the company's revenue from operations decreased by 3.4% to ₹3,331.58 crore, down from ₹3,449 crore in the previous year's quarter, according to the company's Q1 FY25 results.
GCPL also declared an interim dividend of ₹5 per share of ₹1 face value, with a record date of August 16.
At 3:30 PM IST, the shares of Godrej Consumer were trading at ₹1490 a piece. For the quarter, earnings before interest, tax, depreciation, and amortization (EBITDA) stood at ₹724.5 crore, reflecting a 12.7% year-on-year increase. The EBITDA margin improved by 200 basis points year-on-year to 21.8%.
In a new venture, Godrej Consumer announced a planned investment of ₹500 crore over five years to enter the pet care products market. "Pet Foods is an approximately ₹500-crore category with the potential for strong double-digit growth in the coming decades," the company stated.
Production for this new line is expected to begin in the second half of FY 2026.
About Godrej Consumer Products Limited (GCPL)
Godrej Consumer Products Limited (GCPL), headquartered in Mumbai, Maharashtra, India, is a producer, distributor, and marketer of fast-moving consumer goods. Its product range includes household and personal care items such as soaps, toiletries, cosmetics, hair care, air care, health and hygiene products, household insecticides, and fabric care products. The company distributes household insecticides in aerosol categories.
The company's distribution network comprises clearing and forwarding agents, distributors, wholesalers, and retailers in urban areas. In rural regions, super stockists and sub-stockists are appointed to supply retailers. GCPL operates manufacturing facilities in India, Indonesia, the US, as well as in Latin America and Africa.
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