Godrej Consumer Products Ltd.'s second-quarter profit rose 13% on a yearly basis, meeting analysts' estimates.
Consolidated net profit for the maker of Goodknight mosquito repellent and Cinthol soaps increased 13.4% over the year earlier to Rs 491 crore in the quarter-ended September, according to an exchange filing. That compares with the Rs 499-crore consensus forecast of analysts tracked by Bloomberg.
Its revenue declined 1.77% to Rs 3,666 crore, as against an estimate of Rs 3,631 crore.
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Godrej Consumer Q2 FY25 Key Highlights
Revenue up 1.77% at Rs 3,666 crore versus Rs 3,602 crore. (Bloomberg estimate: Rs 3,631 crore).
Ebitda up 5.25% to Rs 761 crore versus Rs 723 crore. (Bloomberg estimate: Rs 754 crore).
Margin up 68 basis points to 20.75% versus 20.07%. (Bloomberg estimate: 20.8%).
Net profit up 13.39% to Rs 491 crore versus Rs 433 crore. (Bloomberg estimate: Rs 499 crore).
(This is developing story).
Key Highlights From Conference Call
Ebitda Growth margin will grow in Next Quarters
Macro Stability in Argentina, Bullish on structural change in next quarters.
Continue to with same strategy given volatility in palm oil prices.
Green Shoots are secular between rural and Urban
Will double and triple distribution in Insecticides
Volume growth in Soaps will be soft going forward
More pressure on soaps and hopeful of other segments compensates.
Performing well ahead of expectations in Liquid Detergents.
Investment in rural areas has done better for us.
Urban has not moderated, Rural has picked up
Increase in Other expense is on back of large investment.
Expecting Price growth in soaps in second half.
Scope in Africa is to expand margin going forward beyond 15%
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