Business

Godrej Consumer Products Q1FY25 leads: Web revenue rises 41% to Rs 451 cr Firm Outcomes

.Sale of products fell 3 per cent to Rs 3,311 cr.1 min went through Last Updated: Aug 07 2024|4:57 PM IST.India's Godrej Consumer Products reported a smaller-than-expected increase in first-quarter profit on Wednesday, as its home insecticides viewed soft demand.The Cinthol soap creator stated a consolidated net revenue of Rs 451 cr ($ 54 thousand) for the fourth ended June 30, up coming from Rs 319 cr a year earlier.Experts carried standard anticipated a profit of 4.92 billion rupees, as per LSEG information.Sale of products dropped 3 percent to Rs 3,311 cr.The firm revealed its own entry in to the pet dog treatment business, in which it will invest 5 billion rupees over 5 years.Well-known durable goods manufacturers have actually lowered costs to take on much smaller rivals that offer cheaper choices, which has adversely impacted top-line growth.Having said that, they are actually profiting coming from a rehabilitation in demand in rural areas.Rival Saffola oil creator Marico reported a somewhat bigger-than-expected increase in first-quarter profit, while Dabur India mentioned a first-quarter income in line with desires.( Only the headline as well as image of this report may possess been modified by the Organization Standard team the rest of the material is auto-generated coming from a syndicated feed.) Initial Published: Aug 07 2024|4:57 PM IST.