Strong India biz growth to drive gains for GCPL

Godrej Consumer Products Ltd (GCPL) reported a 2 per cent year-on-year (Y-o-Y) increase in consolidated revenue to ₹3,670 crore.

- DEVANGSHU DATTA

Organic revenue growth in constant currency was up 14 per cent Y-o-Y.

Consolidated operating profit was up 5 per cent to ₹760 crore, profit before tax grew 10 per cent Y-o-Y to ₹710 crore, and adjusted net profit grew 12 per cent Y-o-Y to ₹490 crore.

Consolidated organic volume growth was 5 per cent. India volume grew 7 per cent Y-o-Y. Gross margins expanded 70 basis points Y-o-Y to 55.6 per cent. Operating profit margin expanded 70 basis points Y-o-Y to 20.8 per cent.

India revenue grew 6 per cent Y-o-Y with 7 per cent volume growth. Home Care had 12 per cent growth. Household insecticide (HI) saw single-digit volume growth. Air fresheners and fabric care had a double-digit volume growth.

The personal care portfolio registered only 3 per cent Y-o-Y growth. Personal wash was flat in volume with market share gains. Hair colour volume grew double digits. Deodorants and sexual wellness had strong double-digit volume growth.