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.

Godrej Consumer Products Ltd. (GCPL) witnessed a substantial block trade on the National Stock Exchange (NSE), marking a significant transaction in the company's shares. The deal involved a considerable number of shares changing hands at a notable price point.

Block Trade Details

The block trade for Godrej Consumer Products Ltd. involved the following key details:

This large-scale transaction underscores the continued interest in GCPL's shares among institutional investors or large shareholders. Block trades of this magnitude are often indicative of strategic moves by significant market players.

Market Implications

While the specific parties involved in the transaction remain undisclosed, such block trades can sometimes signal shifts in institutional holdings or major shareholder positions. The trade's size and value suggest it could be from a substantial investor or institution.

The price of Rs. 1,208.10 per share at which the trade occurred provides a reference point for market watchers and investors to gauge current valuations of GCPL stock. However, it's important to note that block trade prices may differ from the prevailing market price due to the size and nature of such transactions.

About Godrej Consumer Products Ltd.

Godrej Consumer Products Ltd. is a leading Indian consumer goods company, known for its presence in the personal care, hair care, and home care segments. The company has a strong portfolio of brands and a significant market presence both in India and internationally.

This block trade event adds an interesting dimension to GCPL's recent market activity, potentially influencing investor sentiment and market dynamics in the short term. As always, investors are advised to conduct their own research and consider multiple factors when making investment decisions.