Categories AlphaGraphs, Consumer, Earnings, LATEST

Infographic: Godrej Consumer Products Q1, Net Profit slumps by 17% while the revenue soars by 8%

On Wednesday, FMCG major Godrej Consumer Products Ltd (GCPL) reported a 16.56 per cent decline in its consolidated net profit at Rs 345.12 crore for the first quarter ended June 30, 2022, on account of commodity inflation and upfront marketing investments. It had posted a net profit of Rs 413.66 crore in the April-June quarter a year ago, GCPL said in a regulatory filing.

The revenue from the sale of products of the Godrej group’s FMCG arm was up 8.08 per cent at Rs 3,094.31 crore during the quarter under review, as against Rs 2,862.83 crore in the corresponding period last fiscal.

GCPL’s India revenue was up 11.36 per cent to Rs 1,849.41 crore in the April-June quarter, as against Rs 1,660.65 crore in the corresponding quarter a year ago. However, in Q1/2022-23 GCPL’s domestic “volume declined by 6 per cent,” said an earning statement from GCPL.

Revenue from the Indonesian market was down 8.49 per cent to Rs 376.51 crore, as compared to Rs 411.47 crore in the year-ago period. GCPL’s revenue from Africa (including Strength of Nature) market was up 12.19 per cent at Rs 778.87 crore, as against Rs 694.23 crore a year ago. While, revenue from other markets was down 3.54 per cent to Rs 154.05 crore in Q1/FY 2022-23, as against Rs 159.72 crore a year ago.

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