ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • India
    • Economy
    • Politics
    • Markets
  • World
    • Economy
    • Politics
    • Markets
  • Companies
    • Auto
    • Banking & Financial Services
    • Pharma
    • Energy
    • Infrastructure
    • Media
    • IT
    • Telecom
    • Consumer Products
    • Aviation
    • FMCG
  • Personal Finance
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
  • Mutual Funds
  • Technology
  • Automobile
    • Cars
    • Bikes
  • Small Business
    • SME
    • Startups
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
    • AUTHORS
Home » India News

Godrej Consumer Q2 net profit up 12% to Rs 362 crore

  • Twitter
  • Facebook
  • GPlus
Updated: Wed, Nov 01, 2017
01:19 pm
PTI
RELATED NEWS
Airbus pencils in orders for new A321XLR jet: sources Airbus pencils in orders for new A321XLR jet: sources
U.S. banks record $59.1 billion in profits in fourth quarter 2018 U.S. banks record $59.1 billion in profits in fourth quarter 2018
Nike stumbles into social media storm after basketball star's shoe splits Nike stumbles into social media storm after basketball star's shoe splits
Spain welcomes provisional Brexit airline deal Spain welcomes provisional Brexit airline deal
Gold futures weaken by Rs 101 on weak global cues Gold futures weaken by Rs 101 on weak global cues

FMCG major Godrej Consumer Products Ltd today reported 12.56 per cent increase in its consolidated net profit to Rs 361.95 crore for the September quarter on higher income and volume growth.

It had posted net profit of Rs 321.54 crore during the July-September quarter of last fiscal, Godrej Consumer Products Ltd (GCPL) said in a regulatory filing.

Net sales (including excise duty) of the company during the quarter under review stood at Rs 2,496.93 crore as against Rs 2,436.64 crore in the year-ago period, up 2.47 per cent.

"In India, we remained agile and navigated the GST driven channel disruptions well to deliver 10 per cent volume growth (on a base of 9 per cent growth in 2QFY17), alongside delivering a strong EBITDA growth of 24 per cent," GCPL Executive Chairperson Nisaba Godrej said.

Revenue from Indian operations during the period was Rs 1,363.78 crore compared to Rs 1,319.46 crore during the same period last fiscal.

Revenues from Indonesia and Africa during the quarter were Rs 321.64 crore and Rs 557.58 crore respectively, as against Rs 367.11 crore and Rs 515.20crore.

"At a consolidated level, our sales grew by 10 per cent, driven by 11 per cent sales growth in India and 9 per cent sales growth in our international business, in constant currency terms," Godrej said.

The company said growth to some extent impacted by weakness in the bottom of pyramid formats like coils, which are more dependent on wholesale channel.

International business delivers constant currency sales growth of 9 per cent driven by Africa, Latin America and Europe, GCPL added.

Meanwhile, the company's board has declared an interim dividend Re 1 per share of face value of Re 1 each for the financial year 2017-18.

On the outlook, Godrej said: 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."

GCPL stock was trading 3.44 per cent up at Rs 966.50 on BSE.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

TAGS:
Economy
RELATED NEWS
Airbus pencils in orders for new A321XLR jet: sources Airbus pencils in orders for new A321XLR jet: sources
U.S. banks record $59.1 billion in profits in fourth quarter 2018 U.S. banks record $59.1 billion in profits in fourth quarter 2018
Nike stumbles into social media storm after basketball star's shoe splits Nike stumbles into social media storm after basketball star's shoe splits
Spain welcomes provisional Brexit airline deal Spain welcomes provisional Brexit airline deal
Gold futures weaken by Rs 101 on weak global cues Gold futures weaken by Rs 101 on weak global cues

LATEST NEWS

4 Supertech officials arrested for flouting NGT norms at site

Gold futures weaken by Rs 101 on weak global cues

Income Tax Return (ITR) filing: SBI customer? Lower your tax burden, invest money here

RBI Guv Shaktikanta Das asks bankers why they aren't cutting lending rates

Rakesh Jhunjhunwala became richer by 17%, that too in just 1 day - Reason is this stock

Gully Boy Box Office Collection Day 7: Ranveer Singh starrer inching towards Rs 100 cr club; will Total Dhamaal play spoilsport?

Domino's sales growth, profit disappoint, shares fall 8 percent

LIVE: BIG BOOST for employees! EPFO hikes interest rate on provident fund to 8.65% from 8.55%

The Boost, Horlicks maker's share price set to rise by Rs 1,000 in future; know why you should buy GSK

Life Insurance for less than Re 1 per day! Would you believe it? Check this out

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • Amazon Prime Day
  • Income Tax
  • Bharti Airtel
  • NPA
  • Home Loan

Trending Topics

  • Farm Loans
  • 7th Pay Commission
  • Sanitary Pads
  • National Stock Exchange
  • GST

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved