Godrej Consumer Products Limited’s profits rose by 43.66% to Rs 318.12 crore in the quarter ending September. The company’s total income surged 11.01% to Rs 2,439.35 crore from Rs 2,197.28 crore during the corresponding period last year. Its Q2 expenses also increased by 10.94% to Rs 2,009.27 crore against Rs 1,811.05 the previous financial year, the company announced in a statement on Monday.
While GCPL’s India revenue rose by 7.13% to Rs 1,319.46 crore, earnings from global markets, including in Africa, East Asia and Latin America, grew by 15.51% to Rs 1,144.09 crore, according to PTI.
Godrej Group Chairman Adi Godrej (pictured above) said the company had “delivered a relatively strong operating performance”. “Our international business grew by 25% on a constant currency [exchange rates used to compile some financial statements] business. We delivered strong growth in Africa and Latin America,” he added. However, the company’s revenues from Indonesia “experienced temporary challenges [because of] an adverse season for household insecticides”, Godrej said.
The firm’s earnings met analysts’ expectations, according to Moneycontrol. Its shares on the National Stock Exchange Nifty ended 0.11% lower at Rs 1,524.55 following the announcement of the results. The stock traded at an intra-day high of Rs 1,544.95.
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