OPEN APP
Home >Companies >Company Results >Godrej Consumer Q3 result: Profit up 13% at 502 crore

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.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.

Close
×
Edit Profile
My ReadsRedeem a Gift CardLogout