Godrej Consumer Products Q2 Results: Profit Rises 13%, Meets Estimates

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.

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%