Godrej Consumer Q2 profit rises 13% to Rs 362 cr, domestic volume growth beats estimates

Moneycontrol News

Godrej Consumer Products' second quarter earnings surpassed analysts' expectations on Wednesday as profit grew by 12.6 percent year-on-year to Rs 362 crore, driven by operational growth.

Revenue during the quarter increased 6.3 percent to Rs 2,506.6 crore compared with year-ago period, with domestic volume growth of 10 percent which was ahead of CNBC-TV18 poll estimates of 6-8 percent.

Domestic volume growth was 9 percent in second quarter of FY17 and zero percent in June quarter.

EBITDA (earnings before interest, tax, depreciation and amortisation) grew by 13.8 percent year-on-year to Rs 531.8 croe and margin expanded 140 basis points to 21.2 percent for quarter ended September 2017.

Numbers were ahead of estimates for the quarter. Profit was estimated at Rs 358 crore and EBITDA at Rs 515 crore, with margin at 19.7 percent, according to average of estimates of analysts polled by CNBC-TV18.

India business revenue in Q2 increased 12 percent to Rs 1,424 crore and international business constant currency sales growth stood at 9 percent on year-on-year basis.