Godrej Consumer Reports Q2 Profit Surge Amid Market Challenges

Godrej Consumer Products Ltd reported a 13.52% increase in net profit to Rs 491.31 crore for the September quarter, driven by domestic market growth and strong performance in Indonesia. Despite challenges from high oil costs and consumer demand, the company anticipates recovering margins through strategic pricing.

Godrej Consumer Products Ltd (GCPL), a major player in the FMCG sector, announced a 13.52% rise in consolidated net profit, reaching Rs 491.31 crore for the September quarter. This growth was fueled by increased volume in India and sustained success in Indonesia.

The company's revenue from domestic sales climbed 6.1%, aided by brands like Good Knight and Cinthol. Despite inflationary pressure on palm oil impacting EBITDA margins, Managing Director Sudhir Sitapati expressed confidence in margin recovery through price adjustments.

GCPL reported robust performance in Indonesia with an 8.63% revenue increase, while noting a 21% decline in Africa. The firm declared a 500% interim dividend amid varied regional outcomes, projecting positive growth for its broader product portfolio.

(With inputs from agencies.)