Godrej Consumer Products posts 22.5 per cent growth in profit
Chirag Gothi / 27 Jan 2016
Godrej Consumer Products (GCPL), a leading company in the emerging markets FMCG sector, reported consolidated net profit of Rs 2,356.14 crore for the quarter, registering growth of 22.53 per cent Y-o-Y and 12.46 per cent Q-o-Q. Consolidated revenue increased 5.40 per cent to Rs 2,356 crore in third quarter of FY16.
Godrej Consumer Products (GCPL), a leading company in the emerging markets FMCG sector, reported consolidated net profit of Rs 2,356.14 crore for the quarter, registering growth of 22.53 per cent Y-o-Y and 12.46 per cent Q-o-Q.
Consolidated revenue increased 5.40 per cent to Rs 2,356 crore in third quarter of FY16 compared to Rs 2,235.7 crore in previous year, with domestic business growth of 8 per cent and international business 9 per cent.
Its consolidated operating profit grew by 14.95 per cent Y-o-Y to Rs 458 crore and 12.46 per cent Q-o-Q. Operating margin reported at 19.44 per cent, which expanded by 162 bps Y-o-Y and 130 bps Q-o-Q.
Based on organic constant currency EBITDA increased by 19 per cent, driven by a 18 per cent growth in the India business and 20 per cent growth in the international business during the October-December quarter.
India business branded net sales increased by 8 per cent, driven by a 9 per cent volume growth, the company said, adding double-digit volume growth in Household Insecticides and robust mid-single digit volume growth in Soaps. International business grew by 9 per cent on an organic constant currency basis.
The company remains hopeful of continuing its relative outperformance in the quarters ahead, even if the pace of economic recovery is slower than anticipated. Over the next few quarters, it will be introducing several exciting new launches to stimulate demand and extend leadership in its core categories. The company is confident that with their clear strategic focus, differentiated product portfolio, superior execution and top-notch team, it will continue to deliver industry-leading results in the future.
For nine months ended December 31, 2015, the company’s consolidated net profit stands at Rs 809.34 crore, up by 26.16 per cent Y-o-Y. The company's revenue stands at Rs 6,698.74 crore, registering an increase of 8.31 per cent Y-o-Y.
The company also declared a divined of Rs 1 per share along with this result. Currently stock is trading at 1147.80, with a marginal decline of 0.21 per cent.
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