Godrej Consumer Products Limited (GCPL) has announced its financial results for the quarter ended June 30, showcasing robust growth and strategic developments across its business segments.

Financial Highlights

• Consolidated revenue grew by 10% to Rs. 3,662.00 crore
• Underlying volume growth (UVG) of 8% on a consolidated basis
• Standalone business grew by 8% to Rs. 2,307.00 crore with 5% volume growth
• EBITDA declined by 3% on a consolidated basis and 6% on a standalone basis
• Net profit remained flat year-on-year at Rs. 452.45 crore

Segment Performance

India Business

• Home Care segment grew by 16%
• Household Insecticides delivered strong high single-digit UVG
• Air Fresheners continued double-digit growth
• Fabric Care achieved strong double-digit UVG for the sixth consecutive quarter

International Business

• Indonesia faced challenges with flat UVG and 4% sales decline
• Africa, USA, and Middle East showed strong 30% sales growth
• Latin America and Others grew by 18% in INR terms

Dividend Declaration

The Board of Directors has declared an interim dividend of Rs. 5.00 per share (500% on face value). The record date is set for August 13, with payment to be made by September 6.

Management Commentary

Sudhir Sitapati, Managing Director and CEO of GCPL, commented on the performance: "Q1 has been a good quarter for GCPL. Our Standalone business, excluding soaps, delivered an excellent performance with underlying volume growth around teens, led by robust broad-based performance. While our international business faced some headwinds in Indonesia, this was compensated by strong performance in Africa."

Outlook

The company expects performance to improve sequentially, with the second half anticipated to be stronger than the first half. GCPL remains committed to its strategy of driving profitable and sustainable volume growth across its portfolio through category development.

Conclusion

Despite facing some challenges in certain markets, Godrej Consumer Products Limited has demonstrated resilience and growth in key segments. The company's focus on innovation, market expansion, and strategic cost management positions it well for continued growth in the coming quarters.

Godrej Consumer Products Limited (GCPL) has announced its financial results for the first quarter, showcasing robust growth across key metrics. The company reported a 10% year-on-year increase in consolidated revenue, driven by strong volume performance in multiple markets.

Financial Highlights

• Consolidated revenue from operations grew by 10% to ₹3,661.86 crore, compared to ₹3,331.58 crore in the same quarter last year.
• Underlying volume growth (UVG) stood at 8% on a consolidated basis.
• Net profit after tax remained flat at ₹452.45 crore, versus ₹450.69 crore in the previous year quarter.
• EBITDA margins were at 19.2%, with a 3% year-on-year decline in EBITDA.

Segment Performance

India Business

• The standalone business in India grew by 8% to ₹2,329.99 crore, with a 5% underlying volume growth.
• Excluding soaps, the India business delivered double-digit underlying volume growth.
• Home Care segment grew by 16%, with strong performance in Household Insecticides and Air Fresheners.
• Personal Care saw subdued growth of 1%, primarily due to challenges in the Personal Wash category.

International Business

• Indonesia faced headwinds, with a 4% decline in sales due to macro challenges and competitive pricing pressures.
• Africa, USA, and Middle East cluster showed strong growth, with sales increasing by 30% in INR terms and 29% in constant currency.
• Latin America and Others segment grew by 18% in INR and 29% in constant currency.

Product Category Highlights

• Household Insecticides: High single-digit volume growth, with double-digit growth in Electrics.
• Air Fresheners: Consistent strong double-digit growth across formats.
• Fabric Care: Strong double-digit volume growth for the sixth consecutive quarter.
• Hair Colour: Double-digit performance led by Crème and Shampoo Hair Colour.

Management Commentary

Sudhir Sitapati, Managing Director and CEO of GCPL, commented on the results: "Q1 has been a good quarter for GCPL. Our Standalone business, excluding soaps, has had an excellent performance, delivering an underlying volume growth around teens, led by robust broad-based performance. While Indonesia faced challenges, our Africa business showed strong performance."

Dividend Announcement

The Board of Directors has declared an interim dividend of ₹5 per share (500% on face value of ₹1 each). The record date is set for August 13, with payment to be made by September 6.

Outlook

Godrej Consumer Products expects performance to improve sequentially, with the second half projected to be stronger than the first half. The company aims to deliver:

• Mid-high single-digit underlying volume growth for its Standalone business
• High single-digit Consolidated INR revenue growth
• Double-digit Consolidated EBITDA growth for the full year

The company remains committed to its strategy of driving profitable and sustainable volume growth across its portfolio through category development and cost optimization initiatives.

Key Financial Metrics (Consolidated)

Godrej Consumer Products continues to focus on its long-term strategy of bringing the goodness of health and beauty to consumers in emerging markets, while navigating short-term challenges in certain geographies.