Business

Godrej Consumer Products Q1FY25 leads: Internet profit rises 41% to Rs 451 cr Provider Outcomes

.Purchase of products dropped 3 per-cent to Rs 3,311 cr.1 min reviewed Last Updated: Aug 07 2024|4:57 PM IST.India's Godrej Consumer Products reported a smaller-than-expected rise in first-quarter earnings on Wednesday, as its household pesticides saw soft requirement.The Cinthol soap creator mentioned a consolidated web income of Rs 451 cr ($ 54 million) for the one-fourth ended June 30, up from Rs 319 cr a year earlier.Analysts carried average expected a profit of 4.92 billion rupees, according to LSEG data.Purchase of items dropped 3 percent to Rs 3,311 cr.The firm announced its own access into the family pet treatment business, in which it will certainly invest 5 billion rupees over 5 years.Well-known durable goods producers have reduced prices to compete with smaller sized rivals that deliver cheaper choices, which has actually negatively affected top-line growth.However, they are actually reaping the benefits from a healing in demand in rural areas.Rivalrous Saffola oil maker Marico reported a somewhat bigger-than-expected boost in first-quarter earnings, while Dabur India disclosed a first-quarter income in accordance with desires.( Simply the heading and picture of this record might possess been actually reworked by the Company Requirement personnel the remainder of the content is auto-generated coming from a syndicated feed.) Very First Published: Aug 07 2024|4:57 PM IST.

Articles You Can Be Interested In