Business

Godrej Consumer Products Q1FY25 leads: Net earnings climbs 41% to Rs 451 cr Company Results

.Purchase of items dropped 3 percent to Rs 3,311 cr.1 min reviewed Last Upgraded: Aug 07 2024|4:57 PM IST.India's Godrej Consumer Products stated a smaller-than-expected increase in first-quarter profit on Wednesday, as its household pesticides found smooth need.The Cinthol detergent producer disclosed a consolidated net revenue of Rs 451 cr ($ 54 million) for the quarter finished June 30, up from Rs 319 cr a year previously.Experts carried average anticipated an income of 4.92 billion rupees, based on LSEG records.Purchase of items fell 3 per-cent to Rs 3,311 cr.The business announced its access into the pet dog treatment business, in which it will definitely put in 5 billion rupees over 5 years.Well-known durable goods makers have lowered costs to compete with smaller opponents that supply less costly options, which has adversely impacted top-line growth.However, they are reaping the benefits coming from a rehabilitation in demand in backwoods.Rival Saffola oil manufacturer Marico mentioned a somewhat bigger-than-expected rise in first-quarter profit, while Dabur India reported a first-quarter profit in line with desires.( Just the title and picture of this file might have been actually remodelled due to the Organization Requirement personnel the remainder of the information is actually auto-generated coming from a syndicated feed.) Very First Posted: Aug 07 2024|4:57 PM IST.