Business

Godrej Consumer Products Q1FY25 leads: Internet revenue increases 41% to Rs 451 cr Company Outcomes

.Purchase of products fell 3 per-cent to Rs 3,311 cr.1 minutes reviewed Last Upgraded: Aug 07 2024|4:57 PM IST.India's Godrej Consumer Products reported a smaller-than-expected increase in first-quarter profit on Wednesday, as its own family insecticides found soft need.The Cinthol detergent maker stated a combined net profit of Rs 451 cr ($ 54 thousand) for the fourth ended June 30, up coming from Rs 319 cr a year previously.Professionals carried standard expected a revenue of 4.92 billion rupees, as per LSEG records.Sale of products dropped 3 per-cent to Rs 3,311 cr.The business introduced its own entry in to the household pet care business, through which it will definitely spend 5 billion rupees over 5 years.Well-known consumer goods creators have actually reduced rates to take on much smaller rivals that provide much cheaper alternatives, which has negatively impacted top-line development.Nevertheless, they are reaping the benefits from a rehabilitation in demand in backwoods.Rival Saffola oil producer Marico stated a somewhat bigger-than-expected rise in first-quarter revenue, while Dabur India reported a first-quarter earnings in line with desires.( Only the title and picture of this record might have been reworked due to the Company Standard staff the remainder of the information is auto-generated from a syndicated feed.) Very First Released: Aug 07 2024|4:57 PM IST.

Articles You Can Be Interested In