Godrej Consumer Products Q1FY25 net profit soars 41% to Rs 450.69 cr

Mumbai: Godrej Consumer Products Limited (GCPL) on Wednesday reported a consolidated net profit of Rs 450.69 crore for the fiscal first quarter, reflecting a 41 percent increase from Rs 319 crore in the same period last year.

IBNS • 7 Aug 2024, 03:23 pm

Despite this, the company's revenue from operations decreased by 3.4 percent to Rs 3,331.58 crore from Rs 3,449 crore in the corresponding quarter of the previous year, as per their Q1 FY25 results filing.

The company also announced an interim dividend of Rs 5 per share with a face value of Re 1, with the record date set for August 16.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) for the quarter stood at Rs 724.5 crore, marking a 12.7 percent year-on-year growth.

The EBITDA margin improved by 200 basis points to 21.8 percent.

Further, Godrej Consumer Products revealed plans to enter the pet care products market, with an investment of Rs 500 crore over the next five years.

The company highlighted that the pet foods category is valued at approximately Rs 500 crore and has the potential for strong double-digit growth in the coming decades.