Godrej Consumer Products had another quarterly of stable performance as it reported 9.98% growth in gross revenues for the Dec-20 quarter on consolidated basis at Rs3055.42cr. For the quarter, Godrej Consumer Products saw good growth in the Indian market as also strong growth in the African markets. The important Indonesian market was, however, virtually flat for the company’s top line. GCPL products like household insecticides, hygiene products, value for money products account for 81% of sales and grew 14%.
For the Dec-20 quarter, the consolidated operating profits were up 10.79% at Rs644.36cr. The company deployed cost optimization and inventory efficiency measures to improve profitability. The operating profits were largely driven by the value for money products of Godrej. OPM expanded from 20.94% in Dec-19 quarter to 21.09% in Dec-20 quarter.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 12.78% at Rs502.08cr as the operational trickle-down effect combined with lower interest costs and higher other income boosted profits. PAT margins improved from 160.3% in the Dec-19 quarter to 16.44% in the Dec-20 quarter.
Financial highlights for Dec-20 compared yoy and sequentially
|
|
Godrej Consumer Products |
|
|
|
|
Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 3,055.42 |
₹ 2,778.05 |
9.98% |
₹ 2,915.12 |
4.81% |
|
Operating Profit (Rs cr) |
₹ 644.36 |
₹ 581.62 |
10.79% |
₹ 621.91 |
3.61% |
|
Net Profit (Rs cr) |
₹ 502.08 |
₹ 445.20 |
12.78% |
₹ 458.02 |
9.62% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
₹ 4.91 |
₹ 4.35 |
|
₹ 4.48 |
|
|
OPM |
21.09% |
20.94% |
|
21.33% |
|
|
Net Margins |
16.43% |
16.03% |
|
15.71% |
|
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