- Godrej Consumer Products Ltd(GCPL). declared its results on 04 August, Friday, it declared its Net profit at Rs. 395.3 Cr decreasing -3% YoY. As compared to Quarter ending March 20′ the company had a 71% increase in Net Profit (QoQ).
| Q1 FY21 | Q4 FY20 | Q1 FY20 | QoQ% | YoY% | |
| Revenue | 2,349.1 | 2,203 | 2,370.1 | -0.89% | 6.64% |
| Net Profit/Loss | 395.3 | 230.1 | 407.4 | 71% | -3% |
According to Company Press Release:
- Q1 FY 2021 consolidated sales declined by 1% year-on-year.
- India business sales grew by 5% year-on-year, led by 3% year-on-year growth in volume
- Indonesia sales grew by 5% year-on-year, on a constant currency basis
- Africa, USA and Middle East sales declined by 23% year-on-year, on a constant
currency basis - Latin America & SAARC sales grew by 23% year-on-year, on a constant currency basis
- Godrej Categorically deals in three products: Household Insecticides, Soaps and Hair Colors
- Household Insecticides grew by 27%.
- Soaps declined by 2%.
- Sales decline of 18% due to the discretionary nature of the category and impact of lockdown in the early part of the quarter
- At EOD 4th August, Godrej Consumer Products was quoting at Rs 685.30, down Rs 13.00, or 1.86 per cent.
Revenue for the company subsided because of the adverse effects of COVID. With normalcy returning to the market and GCPL fairing better than many of its competitors you can expect GCPL to be back on its feet. With demand growing for personal hygiene products you can expect a fair potential for GCPL to expand in the area.