GCPL Q2 Profit Rises 21% to Rs 432.77 Crore
Nov 01, 2023 18:13
Godrej Consumer Products Ltd (GCPL) reported a 21% increase in consolidated net profit to Rs 432.77 crore for the September quarter, driven by strong revenue growth.
New Delhi, Nov 1 (PTI) FMCG major Godrej Consumer Products Ltd (GCPL) on Wednesday reported a 20.6 per cent increase in consolidated net profit to Rs 432.77 crore for the second quarter ended September.
The company had posted a net profit of Rs 358.86 crore in the July-September period last year, according to a regulatory filing.
Revenue from the sale of products of Godrej group's FMCG arm was up 6.06 per cent at Rs 3,568.36 crore during the second quarter of the current fiscal. In the year-ago period, the same stood at Rs 3,364.45 crore.
Similarly, its revenue from operations was up 6.19 per cent in the September quarter to Rs 3,601.95 crore.
GCPL's total expenses during the quarter under review rose 2.86 per cent to Rs 3,035.97 crore.
Total income of GCPL in the September quarter was at Rs 3,667.88 crore, up 6.87 per cent compared to the year-ago period.
Shares of the company declined 1.68 per cent to close at Rs 975.90 on the BSE.
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