Godrej Consumer Products Q1 Results: Net Profit Soars 41%

Key Highlights

• Consolidated net profit surged by 41% to Rs. 514 crore.
• Organic growth in India stood at 10%.
• Operating margin improved significantly.
• Consumer demand in India remained steady, continuing a trend from previous quarters.

Business Performance

Godrej Consumer Products delivered a strong financial performance in the first quarter of fiscal year 2024. The company's net profit rose by an impressive 41% to Rs. 514 crore. This growth was driven by a combination of factors, including growth in the Indian business and an improving operating margin.

In India, the company witnessed a steady consumer demand, resulting in a 10% organic growth. Additionally, the company's focus on cost optimization led to an improvement in operating margin.

Outlook

Godrej Consumer Products expects the positive growth trend to continue, with inflationary pressures abating. The company remains optimistic about the long-term growth prospects of the industry, supported by a steady growth in India and other key markets.