Homegrown FMCG major Godrej Consumer Products Ltd (GCPL) Tuesday reported a 1.47 per cent decline in its consolidated net profit to Rs 423.52 crore for the quarter ended December 2018.
The company had posted a consolidated net profit of Rs 429.87 crore in the October-December period a year ago, GCPL said in a BSE filing.
Total income during the quarter under review was up 2.93 per cent at Rs 2,744.57 crore as against Rs 2,666.23 crore in the corresponding period last fiscal.
GCPL's total expenses were at Rs 2,213.71 crore as against Rs 2,119.55 crore, up 4.44 per cent.
Its revenue from the Indian market was up 5.65 per cent at Rs 1,505.64 crore as against Rs 1,425.04 crore.
Commenting on the results, GCPL Executive Chairperson Nisaba Godrej said: "We delivered a mixed performance in the third quarter of fiscal year 2019. Our India business delivered single-digit sales growth on a high base and continued to grow EBITDA ahead of sales."
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