Godrej Consumer Q3 net profit falls 14% on-year to Rs 498 crore on soft urban demand

Godrej Consumer Products

Godrej Consumer Products on January 24 reported a net profit of Rs 498.31 crore in the October-December quarter of the current financial year. This marks a fall of nearly 14 percent from the Rs 581.06 crore net profit reported in the corresponding period of the previous financial year.

The FMCG company reported revenue from operations at Rs 3,768.43 crore in the reported quarter. This marks an increase of nearly 3 percent from the Rs 3,659.64 crore revenue generated in Q3 of FY24.

The company's total income in Q3 stood at Rs 3,851.53 crore, over 3 percent higher than Rs 3,729.72 crore reported in Q3 of the previous financial year. Its total expenses increased nearly 8 percent year-on-year to Rs 3,164.09 crore. The EBITDA margin meanwhile dropped 290 basis points to nearly 20 percent.

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Along with the Q3 results, Godrej Consumer Products also declared an interim dividend of Rs 5 per share. The record date to choose the eligible shareholders has been set at February 3. The dividend is set to be paid to them on or before February 23, 2025.

The firm further said that it saw "soft performance" in home and personal care segments. The cumulative net sales recorded in these two segments stood at Rs 2,237 crore. This marks a rise of 4 percent from Q3 FY 24.

The announcements were made in the post market hours of January 24. Hence, the stock will be under active watch when the market opens on January 27. Ahead of the Q3 results, the stock saw significant volatility during the day. It fell 1.4 percent to close at Rs 1,128.60. The shares are currently around 27 percent lower than their 52-week-high record of Rs 1,541.30.