Godrej Consumer Products Q4 Results: Mumbai-headquartered Godrej Consumer Products (GODREJCP) reported a consolidated net loss of Rs 1,893.2 crore for the January-March period due to a one-time charge of Rs 2,376 crore for restructuring costs, compared to a net profit of Rs 452.1 crore for the same period last year.
The FMCG major, known for brands like Cinthol, HIT, Good Knight, and Ezee, recorded revenue of Rs 3,385.6 crore for the March quarter, a 5.8% increase year-on-year driven by higher demand for home and personal care products.
According to Zee Business research, Godrej Consumer Products was expected to report a net profit of Rs 514 crore and revenue of Rs 3,348 crore for the fourth quarter of the financial year 2023-24.
The growth of companies like Godrej Consumer Products has been fueled by rising household incomes and changing lifestyles, while other companies have reported mixed results.
Godrej Consumer Products’ business volume in India grew by 15%.
Godrej Consumer Products dividend
The FMCG giant declared a dividend of Rs 10 per share.
Godrej Consumer Products shares
Godrej Consumer Products shares closed nearly flat at Rs 1,250.8 per share on BSE before the earnings announcement.
With inputs from Reuters
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