Business

Godrej Consumer Products Q1FY25 results: Net income climbs 41% to Rs 451 cr Firm Outcomes

.Purchase of items fell 3 per cent to Rs 3,311 cr.1 minutes read Last Upgraded: Aug 07 2024|4:57 PM IST.India's Godrej Customer Products disclosed a smaller-than-expected surge in first-quarter earnings on Wednesday, as its home pesticides saw soft demand.The Cinthol soap maker mentioned a combined internet profit of Rs 451 cr ($ 54 million) for the one-fourth ended June 30, up coming from Rs 319 cr a year previously.Analysts had on average expected a revenue of 4.92 billion rupees, as per LSEG data.Purchase of items dropped 3 per cent to Rs 3,311 cr.The firm announced its own admittance right into the household pet care business, through which it is going to commit 5 billion rupees over 5 years.Top quality consumer goods manufacturers have actually lowered costs to take on much smaller competitors that use cheaper choices, which has adversely influenced top-line growth.Nonetheless, they are actually reaping the benefits coming from a recovery popular in rural areas.Rival Saffola oil maker Marico disclosed a somewhat bigger-than-expected increase in first-quarter income, while Dabur India reported a first-quarter profit in accordance with requirements.( Only the heading and also photo of this record may possess been actually modified due to the Company Standard personnel the rest of the content is auto-generated coming from a syndicated feed.) Very First Posted: Aug 07 2024|4:57 PM IST.