Godrej Consumer Q3 profit dips to Rs 424 crore

By

Maverick Martins

Published
Jan 30, 2019

Godrej Consumer Products Limited profit for the third quarter ended December 2018 dipped 1.48 percent to Rs 424 crore ($59.6 million) as against Rs 430 crore it had reported in the corresponding quarter last fiscal.
 

The company’s revenue rose slightly by 3 percent to Rs 2,722 crore from the Rs 2,630 crore it reported during the same period last fiscal. The firm's India business grew 6 percent to Rs 1,506 crore, against Rs 1,425 crore during the year-ago period.
 
The company’s personal care segment saw a mixed performance with the soaps category growing 2 percent year-on-year with increased market share while the hair color category reported flat revenue growth during the quarter.

Commenting on the financial performance, Nisaba Godrej, executive chairperson, GCPL, in a statement said, “We delivered a mixed performance in the third quarter of the fiscal year 2019. Our India business delivered single-digit sales growth on a high base and continued to grow EBITDA ahead of sales.
 
“We continue to make healthy brand investments for sustainable future growth. With the scale-up of our recent new launches and recovery in consumer demand, we expect to deliver much improved, profitable growth in the coming quarters. Overall, we remain relentlessly focused on becoming more agile, increasing the pace of innovations, enhancing our go-to-market approach and investing in our key talent, to continue to outperform the market and deliver industry-leading returns."
 
Godrej Consumer Products Ltd is owned by the billion-dollar firm Godrej Group. It offers several personal care and cosmetic brands.