Strong India biz growth to drive gains for GCPL
Business Standard|October 26, 2024
Godrej Consumer Products Ltd (GCPL) reported a 2 per cent year-on-year (Y-o-Y) increase in consolidated revenue to ₹3,670 crore.
DEVANGSHU DATTA

Organic revenue growth in constant currency was up 14 per cent Y-o-Y.

Consolidated operating profit was up 5 per cent to ₹760 crore, profit before tax grew 10 per cent Y-o-Y to ₹710 crore, and adjusted net profit grew 12 per cent Y-o-Y to ₹490 crore.

Consolidated organic volume growth was 5 per cent. India volume grew 7 per cent Y-o-Y. Gross margins expanded 70 basis points Y-o-Y to 55.6 per cent. Operating profit margin expanded 70 basis points Y-o-Y to 20.8 per cent.

India revenue grew 6 per cent Y-o-Y with 7 per cent volume growth. Home Care had 12 per cent growth. Household insecticide (HI) saw single-digit volume growth. Air fresheners and fabric care had a double-digit volume growth.

The personal care portfolio registered only 3 per cent Y-o-Y growth. Personal wash was flat in volume with market share gains. Hair colour volume grew double digits. Deodorants and sexual wellness had strong double-digit volume growth.

This story is from the October 26, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the October 26, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Business Standard

India may become global leader in 5G FWA mkt by 2027

India is expected to become the world's largest 5G fixed wireless access (FWA) market by 2027 with over 30 million subscribers and overtake the US, the current global leader with 15 million subscribers, according to Counterpoint Research.

time-read
1 min  |
November 25, 2024
Crypto or not: Industry to focus on user protection, licensing regime
Business Standard

Crypto or not: Industry to focus on user protection, licensing regime

A consultation paper on the crypto sector is expected to suggest clarity on regulations after WazirX breach, says CoinSwitch co-founder

time-read
2 mins  |
November 25, 2024
Pant, Iyers knock it out of the park
Business Standard

Pant, Iyers knock it out of the park

IPL Mega Auction: Star wicket-keeper most expensive player at ₹27 cr; Shreyas, Venkatesh bag hefty pay cheques

time-read
2 mins  |
November 25, 2024
Eastern states are country's growth engine, says Modi
Business Standard

Eastern states are country's growth engine, says Modi

Prime Minister Narendra Modi asserted on Sunday that his government considers India's eastern region as the country's growth engine, while the area was considered backward earlier.

time-read
1 min  |
November 25, 2024
The other side of financialisation
Business Standard

The other side of financialisation

There's been a dramatic rise in loans against gold in the past one year, but growth in unsecured loans is slowing. Bank loans to the NBFC sector have also dipped

time-read
4 mins  |
November 25, 2024
Demand for super top-up health insurance plans rises after Covid
Business Standard

Demand for super top-up health insurance plans rises after Covid

Demand for super top-up plans in health insurance has increased significantly post the Covid-19 pandemic, owing to a rise in medical costs and increased insurance awareness in the country, industry insiders have said.

time-read
2 mins  |
November 25, 2024
Countdown to Feb 1 begins
Business Standard

Countdown to Feb 1 begins

FY26 Budget will come only six months after the last one, but has all the signs of becoming a hallmark document

time-read
4 mins  |
November 25, 2024
Greening AI for sustainable computing
Business Standard

Greening AI for sustainable computing

Technologies are providing solutions to many business and social problems. However, the solution itself is becoming a problem for climate action.

time-read
3 mins  |
November 25, 2024
Agentic AI: The next frontier
Business Standard

Agentic AI: The next frontier

A new iteration of AI is now taking the world by surprise. Agentic AI can take its own decisions. ARYAMAN GUPTA & SHIVANI SHINDE report

time-read
3 mins  |
November 25, 2024
Visit developer's past projects to evaluate service standards
Business Standard

Visit developer's past projects to evaluate service standards

Renting temporarily can be useful to assess suitability before committing to purchase

time-read
3 mins  |
November 25, 2024