Published
Jan 31, 2018
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Godrej consumer products post strong growth in Q3, profit up 21%

Published
Jan 31, 2018

​Godrej Consumer Products Ltd (GCPL), owned by the billion-dollar firm Godrej Group, after a slow start to the year has recovered well, posting strong growth in third quarter for the current fiscal.
 

Godrej Consumer Products Ltd


Godrej, which owns several personal care and cosmetic brands, had started the year slowly due to the implementation of Goods and Services Tax, which resulted in a two percent dip in net profits to 150 crore rupees (approx $ 22.5 million) for the first quarter.
 
However, the company has bounced back and delivered a strong performance reporting 17 percent sales growth in the domestic market, while its international business grew by 5 percent.

The net profit of the firm rose 22 percent to Rs 430 crore (approx $67.6 million) for the third quarter ended December 31. GCPL reported a net profit of Rs 352 crore (approx $55.4 million) during the same period last fiscal, the company said in a statement
 
The sales revenue of the company during the period increased by 6 percent to Rs 2,666 crore (approx $418.7 million) as compared to Rs 2,056 crore (approx $323 million) in the corresponding period last fiscal.
 
Commenting on the financial performance, Nisaba Godrej, Executive Chairperson, GCPL, said: “During the third quarter of fiscal year 2018, we have delivered competitive and profitable growth, while continuing to make healthy investments in our brands. Our consolidated comparable sales increased by 11% while EBITDA growth was stronger at 18%, in constant currency terms. Our Advertising & Publicity (A&P) spends increased by 18%. We believe these investments will strengthen our brands and also set us up well to accelerate growth in the quarters ahead."
 
“The performance in our international portfolio was relatively muted due to a challenging environment. However, we expect the environment to improve in the quarters ahead," she added.

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