Godrej Consumer Products Limited (GCPL) on August 7 reported a consolidated net profit of Rs 450.69 crore for the fiscal first quarter, registering a growth of 41 percent from Rs 319 crore in the same quarter last year.
The company's revenue from operations, however, fell 3.4 percent to Rs 3,331.58 crore from Rs 3,449 crore in the year-ago quarter, showed the company's Q1 FY25 results filing.
Godrej Consumer Products also declared an interim dividend of Rs 5 per share of Re 1 face value, with the record date set at August 16.
Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter was at Rs 724.5 crore, growing by 12.7 percent on-year. EBITDA margin improved by 200 bps YoY to 21.8 percent.
Godrej Consumer said it is venturing into a new pet care products business, with Rs 500 crore investment planned over a period of 5 years. "Pet Foods is an approximately Rs 500-crore category, with a potential of strong double-digit growth for the next few decades," the company said in a statement.
It plans to commence production in the second half of FY 2006, it added.
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