Godrej Consumer's Q1 net profit fell 17% to Rs345 crore while revenue rose by 8%

4 Aug 2022 , 07:56 AM

Due to commodity inflation and upfront marketing expenditures, Godrej Consumer Products Ltd. (GCPL), a major FMCG company, reported a 16.56% fall in its consolidated net profit for the first quarter ended June 30, 2022, to Rs345.12 crore.

According to GCPL’s regulatory filing, the company reported a net profit of Rs413.66 crore for the April-June quarter of the previous year.

As compared to the same quarter’s previous fiscal year, the FMCG division of the Godrej group’s sales income increased by 8.08% to Rs3,094.31 crore during the quarter under review. Total costs for GCPL were Rs2,696.29 crore in Q1/FY 2022-23, an increase of 13.64% from Rs2,372.65 crore in the same period last year.

On Wednesday afternoon, Godrej Consumer Products Ltd. shares were down 0.98 percent from the previous close and were trading at Rs856.50 on the BSE.