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Godrej Consumer Proudcts Ltd Q3FY21 consolidated net profit up at Rs. 502.08 crore



Posted On : 2021-02-08 15:08:59( TIMEZONE : IST )

Godrej Consumer Proudcts Ltd Q3FY21 consolidated net profit up at Rs. 502.08 crore

GODREJ CONSUMER PRODUCTS LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.3070.45 crores during the period ended December 31, 2020 as compared to Rs.2929.06 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.502.08 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.458.02 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.4.91 for the period ended December 31, 2020 as compared to Rs.4.48 for the period ended September 30, 2020.

FinancialsQ3 FY20-21Q2 FY20-21% Change
Total Income₹ 3070.45 crs₹ 2929.06 crsUp Tick 4.83%
Net Profit₹ 502.08 crs₹ 458.02 crsUp Tick 9.62%
EPS₹ 4.91₹ 4.48Up Tick 9.6%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.3070.45 crores during the period ended December 31, 2020 as compared to Rs.2801.57 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.502.08 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.445.20 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.4.91 for the period ended December 31, 2020 as compared to Rs.4.35 for the period ended December 31, 2019.

FinancialsQ3 FY20-21Q3 FY19-20% Change
Total Income₹ 3070.45 crs₹ 2801.57 crsUp Tick 9.6%
Net Profit₹ 502.08 crs₹ 445.20 crsUp Tick 12.78%
EPS₹ 4.91₹ 4.35Up Tick 12.87%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.8348.38 crores during the 9 months period ended December 31, 2020 as compared to Rs.7828.47 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.1354.98 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.1266.68 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.13.25 for the 9 months period ended December 31, 2020 as compared to Rs.12.39 for the 9 months period ended December 31, 2019.

Financials9 Months ended FY20-219 Months ended FY19-20% Change
Total Income₹ 8348.38 crs₹ 7828.47 crsUp Tick 6.64%
Net Profit₹ 1354.98 crs₹ 1266.68 crsUp Tick 6.97%
EPS₹ 13.25₹12.39Up Tick 6.94%

Commenting on the business performance of 3Q FY 2021, Nisaba Godrej, Chairperson and Managing Director, GCPL, said: We delivered a second consecutive quarter of double-digit, profitable sales growth. Consolidated sales grew by 10% and EBITDA grew by 13%.

From a category sales perspective, Household Insecticides, Hygiene and Value For Money (which contributes to 81% of our global portfolio) grew by 14%. Household Insecticides grew by 5%, Hygiene grew by 19% and Value For Money grew by 22%.

From a geography sales perspective, India grew at 11%. Our Africa, USA and Middle East business continued its robust growth trajectory, growing at 15% in INR and 17% in constant currency terms. Our Indonesian business delivered a soft performance; 0% sales growth in INR and 2% decline in constant currency terms.

We remain confident of leveraging growth opportunities and continuing this double-digit sales momentum in the medium term. Going forward, we will continue to focus our efforts where the demand is - in Household Insecticides, Hygiene, and Value For Money. We are investing behind consumer centric innovations and focusing on serving consumers at all price points. Across channels too, we are making a shift, doubling down on digitisation and channels like e-commerce and chemists. We are also strengthening our supply chain operations and distribution capabilities. Overall, I am extremely proud of our team and the remarkable agility and resilience they continue to demonstrate. We are committed to doing our very 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.749.55 as compared to the previous close of Rs. 768.65. The total number of shares traded during the day was 37617 in over 1459 trades.

The stock hit an intraday high of Rs. 773.7 and intraday low of 741. The net turnover during the day was Rs. 28411332.

Source : Equity Bulls

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