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GCPL Q3 FY25 Earnings: Godrej Consumer Products Ltd (GODREJCP) on Friday reported a consolidated net profit of Rs 498.3 crore for the quarter ended December 31, marking a decline of 14.2 per cent on a year-on-year basis.
The FMCG giant's third-quarter revenue grew 3.0 per cent to Rs 3,768.4 crore, according to a regulatory filing.
According to Zee Business research, GCPL was estimated to register a net profit of Rs 530 crore with revenue of Rs 3,730 crore.
GCPL registered earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 756 crore for the October-December period, translating to a fall of around 10 per cent on a year-on-year basis.
Its margin contracted by 290 basis points (bps) to 20.1 per cent, according to the filing.
The company said that a surge in palm oil prices over the past few months impacted its margin.
Zee Business analysts had pegged the company's quarterly EBITDA and margin at Rs 770 crore and 20.6 per cent respectively.
"Demand conditions in India have witnessed temporary headwinds over the past few months, led by a slowdown in urban consumption. A surge in palm oil prices by more than 40 per cent along with weak seasonality in household insecticides has led to a flat underlying volume growth and mid-single-digit underlying sales growth for our standalone business," said Sudhir Sitapati, Managing Director and CEO, GCPL.
"We remain focused on driving volume-led growth along with healthy investments in our brands and improvement in profitability. We continue to have a strong balance sheet. We are on track in our journey to reduce wasted cost and are deploying this to drive profitable and sustainable volume growth across our portfolio through category development," he said.
Godrej Consumer Products declared a dividend Rs 5 per share with a record date of February 3.
The dividend would be paid on or before Sunday, February 23, the company said.
Earlier on Friday, Godrej Consumer Products shares ended 1.3 per cent lower at Rs 1,129.9 apiece on BSE.
GCPL shares have declined 2.9 per cent in the past one year, underperforming a 7.6 per cent rise in the headline Nifty50 index.
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