FMCG major Godrej Consumer Products today reported 12.77% increase in consolidated net profit at ₹502.08 crore for December quarter 2020-21 as against ₹445.20 crore in the same quarter a year-ago period
NEW DELHI :
FMCG major Godrej Consumer Products Ltd (GCPL) on Monday reported 12.77% increase in consolidated net profit at ₹502.08 crore for December quarter 2020-21 helped by sales growth in the domestic market.
The company had posted a net profit of ₹445.20 crore in October-December period a year ago, GCPL said in a BSE filing.
Total revenue from operations was at ₹3,055.42 crore, up 9.98% as against ₹2,778.05 crore in the year-ago period.
Total expenses were at ₹2,435.11 crore, up 8.50% from ₹2,244.16 crore in third quarter of 2019-20.
"We delivered a second consecutive quarter of double-digit, profitable sales growth," GCPL Chairperson and Managing Director Nisaba Godrej said.
"From a category sales perspective, Household Insecticides, Hygiene and Value For Money (which contributes to 81% of our global portfolio) grew by 14%. Household Insecticides grew by 5%, Hygiene grew by 19% and Value For Money grew by 22%," she added.
GCPL's India revenue was up 11.21% to ₹1,694.75 crore in the period under review as against ₹1,523.87 crore in the year-ago period.
Revenue from the Indonesian market was at ₹447.28 crore, marginally down from ₹448.22 crore in the year-ago period.
"Our Indonesian business delivered a soft performance; 0% sales growth in INR and 2% decline in constant currency terms," Godrej added.
GCPL’s revenue from Africa (including Strength of Nature) market was up 14.75% at ₹778.83 crore as against ₹678.70 crore a year ago.
"Our Africa, USA and Middle East business continued its robust growth trajectory, growing at 15% in INR (Indian rupee) and 17% in constant currency terms," she said.
Revenue from other markets was also up 11.73% to ₹180.02 crore as against ₹161.12 crore.
Over the outlook, Godrej said the company will continue to focus its efforts where the demand is – in Household Insecticides, Hygiene, and Value for Money besides strengthening supply chain operations and distribution capabilities.
"We are investing behind consumer-centric innovations and focusing on serving consumers at all price points. Across channels too, we are making a shift, doubling down on digitisation and channels like e-commerce and chemists," she added.
Shares of GCPL were trading at ₹736.30 apiece on BSE during afternoon trade, down 1.74% from the previous close.