The FMCG major Godrej Consumer Products Ltd (GCPL) on Monday announced its Q3 results where the Profit of the company increase by 13% to Rs 502 crore.
Revenue from India
The revenue from Indian operations was up by 11.21 per cent to Rs 1,694.75 crore in the period under review as against Rs 1,523.87 crore in the year-ago period.
Revenue from Indonesia
Revenue from the Indonesian market was at Rs 447.28 crore, marginally down from Rs 448.22 crore in the year-ago period.
Revenue from South Africa
GCPL’s revenue from Africa (including Strength of Nature) market was up 14.75 per cent at Rs 778.83 crore as against Rs 678.70 crore a year ago.
Revenue from Other Markets
Revenue from other markets was also up 11.73 per cent to Rs 180.02 crore as against Rs 161.12 crore.
Total Expenses
The Total expenses of the company were at Rs 2,435.11 crore, up 8.50 per cent from Rs 2,244.16 crore in third quarter of 2019-20.
Net Profit
The company had posted a net profit of Rs 445.20 crore in October-December period a year ago, GCPL said in a BSE filing.
Comment from Managing Director
Nisaba Godrej, “We delivered a second consecutive quarter of double-digit, profitable sales growth.”
“From a category sales perspective, Household Insecticides, Hygiene and Value For Money (which contributes to 81 per cent of our global portfolio) grew by 14 per cent.”
“Household Insecticides grew by 5 per cent, Hygiene grew by 19 per cent and Value For Money grew by 22 per cent.”
Impact on Stock Market
Shares of GCPL were trading at Rs 736.30 apiece on BSE during afternoon trade, down 1.74 per cent from the previous close.
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