FMCG major Godrej Consumer Products Ltd (GCPL) on Tuesday reported a decline of 25.06 per cent in its consolidated net profit at `358.86 crore for the second quarter ended September.
It had posted a net profit of `478.89 crore in the July-September quarter a year ago, GCPL said in a regulatory filing.
The revenue from the sale of products of the Godrej group’s FMCG arm was up 7 per cent at `3,364.45 crore during the quarter under review, as against `3,143.61 crore in the corresponding period last fiscal.
GCPL’s total expenses were 14.41 per cent up at `2,951.38 crore in the September quarter. It was reported at `2,579.45 crore last year.
“Our overall EBITDA declined by 15 per cent driven by consumption of high cost inventory, upfront marketing investments and a weak performance in our Indonesia and Latin America & SAARC businesses. PAT without exceptional items and one-offs declined by 21 per cent,” GCPL Managing Director and CEO Sudhir Sitapati said.
The company’s India revenue was up 8 per cent to `1,985.03 crore in the September quarter from `1,838.14 crore in the preceding year.
“From a category perspective, in India, we saw continued momentum in Personal Care, which grew by 18 per cent. Home Care grew by 2 per cent,” he said.
