Godrej Consumer Products is expected to report steady revenues with strong profit growth boosted by margins. Consolidated net profit in first quarter may surge 34.2 percent year-on-year to Rs 192 crore and revenue is seen rising 11.7 percent to Rs 2,109 crore, according to a CNBC-TV18 poll. The FMCG company will announce earnings on July 29.
Analysts expect steady growth seen in all segments. Expected domestic growth of 13-14 percent may drive overall revenues while international business may be muted at 9-10 percent, hit by weakness in Indonesia.
They expect soaps segment may show 11-14 percent growth, household insecticides 15-17 percent and hair products at around 10 percent in the quarter.
They believe gross margin may see advantage for another quarter owing to benign commodity prices (lower palm oil prices led by crude derivatives fall).
Operating profit (earnings before interest, tax, depreciation and amortisation) is expected to jump 22.8 percent year-on-year to Rs 296 crore and margin may expand 120 basis points to 14 percent, led by India, Indonesia and Latin America.
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