Godrej Consumer Products Q1 Results: Profit Up 41%, Revenue Misses Estimates

Godrej Consumer Products Ltd.'s first-quarter profit rose, but missed analysts' estimates.

Consolidated net profit for the maker of Goodknight mosquito repellent and Cinthol soaps increased 41% over the year earlier to Rs 451 crore in the quarter-ended June, according to an exchange filing. That compares with the Rs 487-crore consensus forecast of analysts tracked by Bloomberg.

Its revenue declined 3% to Rs 3,332 crore, as against an estimate of Rs 3,509 crore.

• Revenue fell 3% to Rs 3,332 crore (Bloomberg estimate: Rs 3,509 crore).

• Operating profit rose 7% to Rs 727 crore (Bloomberg estimate: Rs 750 crore).

• Margin expanded to 21.8% versus 19.8% (Bloomberg estimate: 21.4%).

Shares of Godrej Consumer closed 0.7% higher before the results were announced, as against a 1.27% gain in the benchmark NSE Nifty 50.