Godrej Consumer Products' Net Profit up 13 pc to Rs 502 crore in Q3FY21

Total revenue from operations was atRs 3,055.42 crore, up 9.98 percent as againstRs 2,778.05 crore in the year-ago period.
Godrej Consumer Products' Net Profit up 13 pc to Rs 502 crore in Q3FY21

Godrej Consumer Products Ltd (GCPL) has reported a 12.77 percent increase in consolidated net profit at Rs 502.08 crore for December quarter 2020-21 helped by sales growth in the domestic market.

The FMCG major had posted a net profit of Rs 445.20 crore in the October-December period a year ago.

Total revenue from operations was at Rs 3,055.42 crore, up 9.98 percent as against Rs 2,778.05 crore in the year-ago period.

Total expenses were at Rs 2,435.11 crore, up 8.50 percent from Rs 2,244.16 crore in the third quarter of 2019-20.

Commenting on the business performance of 3Q FY 2021, Nisaba Godrej, Chairperson and Managing Director, GCPL, said, “We delivered a second consecutive quarter of double-digit, profitable sales growth. Consolidated sales grew by 10 percent and EBITDA grew by 13 percent.”

“From a category sales perspective, Household Insecticides, Hygiene, and Value For Money (which contributes to 81 percent of our global portfolio) grew by 14 percent. Household Insecticides grew by 5 percent, Hygiene grew by 1 percent and Value For Money grew by 22 percent,” she added.

GCPL's India revenue was up 11.21 percent to Rs 1,694.75 crore in the period under review as against Rs 1,523.87 crore in the year-ago period.

Nisaba stated, “We remain confident of leveraging growth opportunities and continuing this double-digit sales momentum in the medium term. Going forward, we will continue to focus our efforts where the demand is – in Household Insecticides, Hygiene, and Value For Money. 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. We are also strengthening our supply chain operations and distribution capabilities,” she further said.

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