Godrej Consumer's quarterly profit rises on strong India, export demand
Godrej Consumer's quarterly profit rises on strong India, export demand Aug 7 (Reuters) - India's Godrej Consumer Products GOCP.NS posted an 11.5% rise in quarterly profit on Friday, driven by strong volume growth and steady demand across key categories.
Here are some details:
The consumer goods major's consolidated net profit rose to 5.05 billion rupees ($53.03 million) for the quarter ended June 30 from 4.52 billion rupees a year ago
Consolidated sales rose 18.6% to 42.11 billion rupees, helped by a 9% underlying volume growth
Expenses rose 18.6%, driven by higher raw material costs
Operating profit margin for the quarter was nearly flat at 19%
The maker of Goodknight mosquito repellents and Cinthol soaps said it remains on track to deliver its guidance for the remainder of fiscal 2027
The company said it implemented price increases to offset higher input costs, and expects margins to recover progressively through fiscal 2027 as commodity prices ease
Godrej Consumer's Africa, U.S. and Middle East sales grew 47% during the quarter
Its Indonesia business, a key overseas market that has struggled with competition and weak demand in recent years, delivered a 15% sales growth, helped by higher sales of shampoo and household insecticides
Its shares fell 3.2% after the results
($1 = 95.2350 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru; Editing by Rashmi Aich)
((mridula.kumar@thomsonreuters.com))
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