Godrej Consumer hits record high on strong Q4 results, 1:1 bonus

The stock rallied 7% to Rs 1,886 after the company reported 212% jump in net profit at Rs 390 crore

Godrej Consumer Products (GCPL) hit a record high of Rs 1,886, up 7% on BSE in intra-day trade, after the company reported a strong 212% year-on-year (YoY) jump in its consolidated net profit at Rs 390 crore for the fourth quarter ended March 2017 (Q4FY17). The personal products maker had profit of Rs 125 crore in the same quarter year ago.

Net sales of the company during quarter under review grew 11.8% at Rs 2,380 crore on YoY basis. Earnings before interest, tax, depreciation and amortization (EBITDA) margin improved to 22.2% from 20.7%.

“In the fourth quarter of fiscal