Business

Godrej Consumer Products Q1FY25 results: Net revenue increases 41% to Rs 451 cr Firm Results

.Sale of products dropped 3 per cent to Rs 3,311 cr.1 minutes read Final Upgraded: Aug 07 2024|4:57 PM IST.India's Godrej Consumer Products disclosed a smaller-than-expected rise in first-quarter revenue on Wednesday, as its own family insecticides found soft demand.The Cinthol soap manufacturer disclosed a consolidated web profit of Rs 451 cr ($ 54 thousand) for the quarter finished June 30, up from Rs 319 cr a year earlier.Professionals carried average expected a revenue of 4.92 billion rupees, according to LSEG data.Purchase of products dropped 3 per-cent to Rs 3,311 cr.The firm revealed its admittance right into the family pet care organization, through which it is going to commit 5 billion rupees over 5 years.Well-known consumer goods creators have lowered costs to compete with smaller competitors that offer more affordable choices, which has actually detrimentally influenced top-line development.However, they are actually profiting coming from a recuperation sought after in backwoods.Competing Saffola oil maker Marico disclosed a somewhat bigger-than-expected boost in first-quarter profit, while Dabur India mentioned a first-quarter revenue in line with expectations.( Only the heading and also picture of this report might have been reworked by the Service Specification personnel the rest of the web content is auto-generated from a syndicated feed.) 1st Posted: Aug 07 2024|4:57 PM IST.