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GODREJCP — Godrej Consumer Products News Story

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Godrej Consumer's quarterly profit rises on strong India, export demand

Godrej Consumer's quarterly profit rises on strong India, export demand 

- 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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