Aug 7 (Reuters) – India’s Godrej Consumer Products posted an 11.5% rise in quarterly profit on Friday, driven by strong volume growth and steady demand across key categories.
Here are some details:
• The consumer goods major’s consolidated net profit rose to 5.05 billion rupees ($53.03 million) for the quarter ended June 30 from 4.52 billion rupees a year ago
• Consolidated sales rose 18.6% to 42.11 billion rupees, helped by a 9% underlying volume growth
• Expenses rose 18.6%, driven by higher raw material costs
• Operating profit margin for the quarter was nearly flat at 19%
• The maker of Goodknight mosquito repellents and Cinthol soaps said it remains on track to deliver its guidance for the remainder of fiscal 2027
• The company said it implemented price increases to offset higher input costs, and expects margins to recover progressively through fiscal 2027 as commodity prices ease
• Godrej Consumer’s Africa, U.S. and Middle East sales grew 47% during the quarter
• Its Indonesia business, a key overseas market that has struggled with competition and weak demand in recent years, delivered a 15% sales growth, helped by higher sales of shampoo and household insecticides
• Its shares fell 3.2% after the results
($1 = 95.2350 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru; Editing by Rashmi Aich)
