You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Godrej Consumer Q2 PAT climbs 11% to Rs 458 cr

Capital Market 

Godrej Consumer Products' consolidated net profit jumped 10.66% to Rs 458.02 crore on 10.83% rise in total revenue from operations to Rs 2,915.12 crore in Q2 September 2020 over Q2 September 2019.

Consolidated profit before tax (PBT) surged 22.24% to Rs 604.32 crore in Q2 September 2020 as against Rs 494.36 crore in Q2 September 2019. Current tax expense for the quarter jumped 35.85% to Rs 117.23 crore as against Rs 86.29 crore in Q2 September 2019.

Q2FY21 consolidated EBITDA grew by 19% year-on-year and consolidated EBIDTA margins expanded to 23.7%. The Q2 result was declared during trading hours today, 5 November 2020.

Indonesia sales grew by 5% in INR and 3% in constant currency terms, year-on-year. Africa, USA and Middle East sales grew by 10% in INR and constant currency terms, year-on-year. Latin America & SAARC sales grew by 41% in INR and 46% in constant currency terms, year-on-year.

Q2 FY21 India sales grew 11% Y-o-Y (year-on-year) to Rs 1,650 crore as against Q2 FY20. Volumes rose 5% Y-o-Y during the period under review. Q2 FY21 EBITDA grew 17% Y-o-Y to Rs 460 crore.

Commenting on the Q2 FY21 business performance, Nisaba Godrej, the chairperson and managing director (MD) of Godrej Consumer Products (GCPL), says: "We delivered a strong performance this quarter with double-digit, profitable sales growth. Consolidated sales grew by 11% and EBITDA grew by 19%. All our geographic clusters also recorded positive sales growth. From a category sales perspective, Household Insecticides, Hygiene and Value for Money (which contributed to 83% of our global portfolio) grew by 17%. Household Insecticides grew by 6%, Hygiene grew by 27% and Value for Money grew by 22%."

"From a geography sales perspective, India grew at 11%. Our Africa, USA and Middle East business showed robust recovery, growing at 10% in both constant currency and Rs terms. Our Indonesian business delivered a soft performance, growing at 3% in constant currency and 5% in Rs terms."

"Going forward, we will continue to focus our efforts where the demand is - in Household Insecticides, Hygiene, and Value for Money. We are ramping up innovation and have launched several new products, strongly price-enabled, across geographies. Across channels too, we are making a shift; doubling down on digitisation and platforms like e-commerce and chemists. We are also strengthening our supply chain operations and distribution. Overall, the situation we are in calls for an extraordinary level of agility and resilience. I am extremely proud of our team for bringing out the best in themselves to push onwards at this difficult time."

Shares of Godrej Consumer Products fell 1.43% to Rs 666.30 on BSE.

Godrej Consumer Products is an Indian consumer goods company. The company's products include soap, hair colourants, toiletries and liquid detergents.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, November 05 2020. 15:51 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU