Godrej Consumer Products Announces Q2 Results: Net Profit of Rs 433 Crore Meets Expectations, Revenue Up 6.2% YoY
Mumbai-based FMCG company, Godrej Consumer Products, reported a consolidated net profit of Rs 433 crore for the July-September quarter, aligning with analysts’ forecasts. This marked an increase from the Rs 359 crore consolidated net profit during the same period in the previous year.
The company’s revenue also showed a 6.2% year-on-year growth, reaching Rs 3,601 crore in the second quarter of the current fiscal year.
According to research from Zee Business, the market expected Godrej Consumer Products to post a quarterly net profit of Rs 434 crore and revenue of Rs 3,573 crore. The FMCG giant’s board declared a dividend of Rs 5 per share.
Ahead of the earnings announcement, Godrej Consumer Products shares saw a 1.7% decline, closing at Rs 975.9 apiece on the BSE.