Godrej Consumer Products loses grip by over 7%
DSIJ Intelligence / 01 Aug 2017
In an extension of its losses from the early morning trade on Tuesday, Godrej Consumer Products was trading down by over 7% as at 1056 hours on the BSE after declining profitability for Q1FY18.
In an extension of its losses from the early morning trade on Tuesday, Godrej Consumer Products was trading down by over 7% as at 1056 hours on the BSE after declining profitability for Q1FY18.
Godrej Consumer Products’ consolidated revenue for the quarter came in at Rs 2,271.2 crore, registering 3.5% YoY increase. This was primarily driven by 13% YoY increase in revenues from its African business.
The PAT for the quarter came in at Rs 225.2 crore, YoY decline of 8.6%. This was due to 22.2% YoY increase in interest expenses.
Earlier on Monday, the company had declared an interim dividend at Rs 1 per share (100% on the shares of face value of Rs 1 each) for the financial year 2017-18.
Godrej Consumer Products was trading at Rs 964.50, down by Rs 70.25 or 6.79% as at 1059 hours on Tuesday, on the BSE.
The stock attracted traded volume of 14,60,109 shares and traded value of Rs 14,325.42 lakh on the NSE.
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