Godrej Consumer Products Ltd.'s profit rose in the third quarter of fiscal 2024, beating analysts' estimates.
Net profit rose 6.4% to Rs 581.06 crore in the October-December period as against Rs 546.34 crore over the same period last year.
Ebitda margin expanded to 22.97%.
Godrej Consumer Products Q3 FY24 (Consolidated, YoY)
Revenue up 1.7% at Rs 3,659.6 crore vs Rs 3,598.9 crore.
Ebitda rises 15.7% to Rs 840.7 crore vs Rs 726.6 crore.
Margin at 22.97% vs 20.19%.
Net profit up 6.4% at Rs 581.06 crore vs Rs 546.34 crore.
Key Highlights
Consolidated volume grew at 8%, while sales rose by 2% in rupees terms impacted by devaluation. There was constant currency growth of 19% year-on-year.
Personal care segment grew by 2%, while personal wash delivered mid-single digit volume growth.
Home care grew by 5%, while household insecticides volume growth was stable at low-single digit.
Shares of Godrej Consumer fell 0.8% in trade today, as against a 0.8% gain in the benchmark Nifty 50.
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