Total revenue from operations marked an increase to Rs 3,768.43 crore in the recently concluded quarter
Citing that demand conditions in India have witnessed temporary headwinds over the past few months, Godrej Consumer Products (GCPL), a fast-moving consumer goods (FMCG) company stated that it has reported a decline of 14.2 per cent on a year-on-year (YoY) basis. The company posted a consolidated net profit of Rs 498.31 crore in the third quarter of the current financial year (Q3FY25), as compared to Rs 581.06 crore during the corresponding quarter of the previous fiscal
However, the company’s net profit marked an uptick on a sequential basis as it rose from Rs 491.31 crore in the second quarter of the current fiscal. The company’s unaudited consolidated financial results revealed that the total revenue from operations marked an increase from Rs 3,659.64 crore in Q3FY24 to Rs 3,768.43 crore in the recently concluded quarter. The consolidated revenue marked an increase from Rs 3,666.33 crore in Q2FY25.
The company’s consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) margin for the third quarter of the current fiscal stood at 20.2 per cent. The EBITDA margin on a standalone basis was 22.6 per cent.
As far as the business update for India is concerned, Q3 FY25 India sales grew by 4 per cent and volumes were flat. EBITDA declined by 21 per cent during the recently concluded quarter. The home care category grew by 4 per cent during the same period. Household Insecticides was impacted by a relatively poor season. Goodknight Agarbatti saw strong outperformance and gained significant market share in the Incense Sticks category.
“Demand conditions in India have witnessed temporary headwinds over the past few months, led by a slowdown in urban consumption. Surge in palm oil prices by more than 40 per cent along with weak seasonality in Household Insecticides has led to a flat underlying volume growth and mid-single-digit underlying sales growth for our Standalone business. The surge in palm oil costs is negatively impacting our EBITDA margin,” stated Sudhir Sitapati, Managing Director and Chief Executive Officer (CEO), GCPL.
The personal care category of the company grew by two per cent. Personal Wash volumes declined by mid-high single digit during the quarter; almost compensated by commensurate pricing growth. The company added that hair colour volumes grew in the mid-single digit. Godrej Expert Rich Crème access packs continued to perform well and grow in double-digit.
