Godrej Consumer Products Ltd.'s first-quarter profit rose, but missed analysts' estimates.
Consolidated net profit for the maker of Goodknight mosquito repellent and Cinthol soaps increased 41% over the year earlier to Rs 451 crore in the quarter-ended June, according to an exchange filing. That compares with the Rs 487-crore consensus forecast of analysts tracked by Bloomberg.
Its revenue declined 3% to Rs 3,332 crore, as against an estimate of Rs 3,509 crore.
Godrej Consumer Q1 FY25 Highlights (Consolidated, YoY)
Revenue fell 3% to Rs 3,332 crore (Bloomberg estimate: Rs 3,509 crore).
Operating profit rose 7% to Rs 727 crore (Bloomberg estimate: Rs 750 crore).
Margin expanded to 21.8% versus 19.8% (Bloomberg estimate: 21.4%).
Shares of Godrej Consumer closed 0.7% higher before the results were announced, as against a 1.27% gain in the benchmark NSE Nifty 50.
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