Godrej Consumer Products reported its Q1FY20 numbers today.
The cons. net profit came in at Rs408cr, just 1% yoy higher than that in Q1FY19. Without exceptional and one-off items, it stood at Rs291cr and vs. Rs313cr in Q1FY20.
The company's net sales on a constant currency basis grew 4% yoy. Its India business sales grew 1% yoy and 5% yoy in volume terms.
International business sales grew 9% yoy, on a constant currency basis
The consolidated constant currency EBITDA rose 8% yoy to Rs301cr.
Commenting on the financial performance of 1Q FY 2020, Nisaba Godrej, Executive Chairperson, GCPL, said: “We delivered a relatively mixed performance in the first quarter of fiscal year 2020. Our India business delivered a steady volume growth of 5%, amidst a general slowdown in staples consumption. We expect a gradual recovery in the coming quarters for the industry and also for our business."
He added, "In fiscal year 2020, for GCPL, we expect better volume growth in India, supported by our continued focus on innovations and enhancements to our go-to-market model. We will continue driving profitable sales growth in Indonesia, while focusing on profitability in Africa, and ensuring a meaningful turnaround in our Latin American business.”
Godrej Consumer Products Ltd is currently trading at Rs614.40 up by Rs15.25 or 2.55% from its previous closing of Rs599.15 on the BSE.
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