FMCG giant Godrej Consumer Products reported a 20.59 per cent year-on-year (YoY) rise in its net profit at 433 crore for the quarter gone by, compared to the last year in the same quarter at 359 crore.
The company’s revenue increased to Rs 3,601 crore for the quarter that ended on 30 September, from 3,391 crore the previous year in the same quarter.
During the second quarter, the company experienced a 10 per cent growth in volume, with its India business alone registering an 11 per cent increase. In its investor presentation, Godrej Consumer emphasised robust margin expansion across key markets, resulting in an overall EBITDA margin improvement of 19.7 per cent for the quarter.
This growth was led by India, followed by Indonesia, Africa, the USA, the Middle East, Latin America, and SAARC.
Breaking down the sales figures, the India business reported revenues of Rs 1,003 crore in the personal care segment and Rs 913 crore in the home care segment.
Within home care, the air freshener category achieved double-digit growth, while the household insecticides category faced challenges due to unfavorable monsoons.
In personal care, the personal wash segment demonstrated steady performance with low single-digit volume growth, while the hair color category experienced a slowdown due to an additional month of ‘Shravan’ in the quarter.
The recently acquired Raymond Consumer Care brands, Park Avenue and KamaSutra, contributed sales of Rs 142 crore during the September quarter. Godrej Consumer confirmed that integration post-acquisition is largely complete and cost synergies are anticipated to materialise in the second half of the financial year.
