Godrej Consumer Products Ltd Q1FY22 consolidated net profit higher at Rs. 413.66 crore

Godrej Consumer Products Ltd. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.2915.35 crores during the period ended June 30, 2021 as compared to Rs.2747.31 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.413.66 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.365.84 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.4.05 for the period ended June 30, 2021 as compared to Rs.3.58 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 2915.35 crs	₹ 2747.31 crs	6.12%
Net Profit	₹ 413.66 crs	₹ 365.84 crs	13.07%
EPS	₹ 4.05	₹ 3.58	13.13%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.2915.35 crores during the period ended June 30, 2021 as compared to Rs.2349.11 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.413.66 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.394.88 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.4.05 for the period ended June 30, 2021 as compared to Rs.3.86 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 2915.35 crs	₹ 2349.11 crs	24.1%
Net Profit	₹ 413.66 crs	₹ 394.88 crs	4.76%
EPS	₹ 4.05	₹ 3.86	4.92%

Commenting on the business performance of 1Q FY 2022, Nisaba Godrej, Chairperson and Managing Director, GCPL, said: We had a strong start to the year, delivering double-digit profitable sales growth. Consolidated sales grew by 24% and EBITDA grew by 29%. Our 2-year CAGR on consolidated sales was 11% and EBITDA was 15%.

We saw strong double-digit sales growth in the Home Care and Personal Care categories. Home Care grew by 14% and Personal Care grew by 29%. The sub-categories within Home Care and Personal Care saw broad based growth.

From a geography perspective, India grew at 19%. Our Africa, USA and Middle East business continued its robust growth trajectory, growing at 59% in INR and 60% in constant currency terms. Our Indonesian business grew 1% in INR while growth in constant currency terms remained flat.

Going forward, we will continue to focus our efforts where the demand is in Home Care and Personal Care - in Household Insecticides, Personal Wash & Hygiene, and Hair Care. We have a robust pipeline of consumer-centric innovations and are building out full portfolios across price points. At the same time, we are strengthening our supply chain operations and distribution networks. We are also ramping up digital capabilities and new channels like e-commerce and chemists.

We remain confident of leveraging growth opportunities to drive sustainable, profitable sales growth across our portfolio in fiscal year2022. I am very proud of the exceptional agility and resilience with which our team is navigating the challenges of COVID-19 across geographies - ensuring seamless supply chain deliveries and responding to shifts in consumer behaviour. We continue to do our best to truly live The Godrej Way and serve our people and communities.

Shares of Godrej Consumer Products Ltd. was last trading in BSE at Rs. 1020 as compared to the previous close of Rs. 992.4. The total number of shares traded during the day was 71792 in over 3935 trades.

The stock hit an intraday high of Rs. 1020 and intraday low of 987.95. The net turnover during the day was Rs. 72251057.

Source : Equity Bulls

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