Godrej Consumer division’s Q4 profit jumps 59 percent to Rs 617 crore

By

Maverick Martins

Published
May 9, 2018

Godrej Consumer Products Ltd (GCPL) saw its profit soar 59 percent to Rs 617 crore (approx $ 92 million) for the fourth quarter ended March 31, 2018. The company had posted a consolidated profit after tax (PAT) of Rs 388 crore (approx $ 58 million) in the year-ago quarter.
 

The company’s sales revenue for the quarter was Rs 2,494 crore (approx $ 372 million) as compared to Rs 2480 crore (approx $ 370 million) it posted in the year-ago period.
 
For the fiscal year 2017-18, GCPL posted profit of Rs 1634 crore (approx $ 243.7 million) with total sales of Rs 9937 crore (approx $ 1.48 billion).

Commenting on the performance, GCPL Executive Chairperson Nisaba Godrej in a statement said, “In the fourth quarter the company had a mixed performance with relatively softer sales growth. Our India business delivered a competitive 7 per cent comparable growth, driven by a volume growth of 6 percent. The performance in our international portfolio was relatively muted due to the weakness in Indonesia and Africa.”
 
"Our focused strategy and balanced portfolio enabled us to deliver competitive, profitable growth, despite tough operating conditions in a few of our categories and geographies,” she added.
 
On future outlook, Nisaba said, “we expect to see a strong turnaround in growth rates in fiscal year 2019. The company continues to make healthy investments in strengthening our brands and enhancing our capabilities for sustainable future growth. We are planning for significant new launches and go-to-market initiatives across clusters. Overall, we are confident of delivering a stronger performance in fiscal year 2019.”

Godrej Consumer Products Ltd (GCPL) is owned by the billion-dollar firm Godrej Group and offers several personal care and cosmetic brands.