GCPL Q2 profit rises 20.6%
Financial Express Mumbai|November 02, 2023
SEPTEMBER QUARTER (Q2FY24) profit of Godrej Consumer Products (GCPL) increased by 20.6% year-onyear (y-o-y) to ₹433 crore.
VIVEAT SUSAN PINTO

However, it missed analysts' estimates for the period, partly impacted by a one-time charge of 10.5 crore as part of restructuring expenses, the company said on Wednesday.

Bloomberg consensus estimates had pegged GCPL's net profit at ₹472 for the period.

The company's revenue rose 6.2% YoY to ₹3,602 crore as demand remained steady for its homecare products.

Revenue reported for the quarter was in line with Bloomberg consensus estimates of ₹3,618 crore for the period. Earnings before interest tax depreciation and amortisation (Ebitda) rose nearly 30% YoY to ₹704 crore in Q2, in line with street estimates.

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