Stellar Surge: Godrej Consumer Products’ Q1FY25 Results Reveal a Thrilling 41% Net Profit Jump to Rs 451 Cr
India’s Godrej Consumer Products reported a modest rise in first-quarter profit despite soft demand for its household insecticides. The company’s consolidated net profit for the quarter ended June 30 stood at Rs 451 crore ($54 million), up from Rs 319 crore a year earlier, but fell short of analysts’ expectations of Rs 492 crore, according to LSEG data.
Sales of products declined by 3% to Rs 3,311 crore. The Cinthol soap maker also announced its foray into the pet care sector, committing an investment of Rs 5 billion over the next five years.
Branded consumer goods companies have been cutting prices to compete with smaller rivals, adversely affecting revenue growth. However, a recovery in rural demand is providing some relief.
In comparison, rival Marico, known for its Saffola oil, reported a slightly better-than-expected increase in first-quarter profits, while Dabur India’s results were in line with expectations.
First Published: Aug 07, 2024 | 4:57 PM IST
Original Story https://www.business-standard.com/companies/results/godrej-consumer-products-q1fy25-results-net-profit-rises-41-to-rs-451-cr-124080700994_1.html
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