LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Godrej Consumer Products net profit rises 51.5 pct to Rs 935.24 cr in March quarter

During the quarter, GCPL's India sales were marginally down 0.9 per cent to Rs 1,356.09 crore, compared with Rs 1,369.76 crore in the year-ago period. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Godrej Consumer Products net profit rises 51.5 pct to Rs 935.24 cr in March quarter
The firm's total expense stood at Rs 1,974.73 crore, against Rs 2,016.65 crore, a drop of 2.07 per cent. Photo: Godrej Consumer Products Official Website
Written By: PTI
Updated: Fri, May 03, 2019
04:11 pm
New Delhi, PTI
RELATED NEWS
Domestic FMCG firms log more revenue than MNCs in FY16: Report Domestic FMCG firms log more revenue than MNCs in FY16: Report

Homegrown FMCG major Godrej Consumer Products Ltd (GCPL) on Friday reported a 51.53 per cent increase in consolidated net profit to Rs 935.24 crore in the fourth quarter ended March 31. The company had posted a consolidated net profit of Rs 617.19 crore in the corresponding period last fiscal, GCPL said in a BSE filing. However, its total revenue from operations during the quarter fell 3.06 per cent to Rs 2,481.72 crore, compared with Rs 2,560.14 crore in the corresponding quarter of the previous fiscal. GCPL Executive Chairperson Nisaba Godrej said, "We delivered a relatively weak performance in the fourth quarter of fiscal year 2019. Our India business remained soft on account of a general slowdown in staples consumption and the adverse impact of the delayed summer on our portfolio."

The firm's total expense stood at Rs 1,974.73 crore, against Rs 2,016.65 crore, a drop of 2.07 per cent. During the quarter, GCPL's India sales were marginally down 0.9 per cent to Rs 1,356.09 crore, compared with Rs 1,369.76 crore in the year-ago period. While its international business sales grew 10 per cent on a constant currency basis, said GCPL in a statement. Its revenue from the Indonesian business was up 19.34 per cent to Rs 412.47 crore as against Rs 345.60 crore a year ago. While Africa business, which also includes 'Strength of Nature' brand, was at Rs 587.09 crore in the January-March 2019 period, a rise of 13.15 per cent as against Rs 518.83 crore in the year-ago period.

"In our international businesses, Indonesia continued its strong profitable growth momentum. Africa had a soft performance, led by the temporary slowdown in Nigeria due to elections and a gradual recovery in South Africa," she said. For the entire financial year 2018-19, GCPL's profit was Rs 2,341.53 crore. It was Rs 1,634.18 crore in the previous year. Its total income in the previous fiscal stood at Rs 10,423.10 crore. It was Rs 10,048.70 crore in 2017-18. On the outlook, Nisaba Godrej said, "For fiscal year 2020, we are planning for robust sales growth in India on the back of a continued focus on innovations and enhancements to our go-to-market model."

GCPL has also declared an interim dividend of 2 per share on the shares of the face value of Re 1 each. Shares of Godrej Consumer Products Ltd on Friday were trading at Rs 645.25 on the BSE, down 1.14 per cent from the previous close. 
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Godrej Consumer Products Ltd
RELATED NEWS
Domestic FMCG firms log more revenue than MNCs in FY16: Report Domestic FMCG firms log more revenue than MNCs in FY16: Report

LATEST NEWS

JEE Main April Exam 2021 postponed; NTA says revised dates to be announced 15 days prior to exam

PUBG Mobile Lite Update: Season 24 release date revealed, check WP rewards, APK download link and more

Railways to run Oxygen Express to meet demand during Covid 19; Green Corridor being created to facilitate movement of these trains

Man Industries has an order book of Rs 2,000 crore: Dr. R C Mansukhani, Chairman

Anil Singhvi’s Strategy April 19: Day support zone on Nifty is 14,350-14,450 & Bank Nifty is 31,400-31,700

Delhi curfew, lockdown news: Arvind Kejriwal may ANNOUNCE curfew from Monday - Check all details here

Delhi Lockdown – Get full details on how public transport will function during the curfew period

Wear face mask, it is the most potent tool to ward off Covid-19, says Anil Singhvi

Delhi Lockdown - Check who is allowed, who is not during a week-long lockdown in Delhi

After Delhi, lockdown announced in UP districts Lucknow, Prayagraj, Varanasi, Kanpur, Gorakhpur – Complete DETAILS HERE

  • 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

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

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