GCPL net profit jumps 59% in Q4

New Delhi FMCG major Godrej Consumer Products Ltd (GCPL) on Tuesday reported a 59.13 per cent increase in its consolidated net profit to Rs 365.84 crore for the fourth quarter ended March 2021.The company, whose board on Tuesday appointed HUL former executive director Sudhir Sitapati as the managing director and CEO, had posted a net profit of Rs 229.90 crore in the January-March quarter a year ago, GCPL said in a BSE filing. Its net sales during the January-March 2021 were up by 26.87 per cent to Rs 2,705.69 crore, against Rs 2,132.69 crore in the year-ago period.

GCPL Chairperson and Managing Director Nisaba Godrej said, "We delivered a third consecutive quarter of double-digit sales growth. Consolidated sales grew 27 per cent and Ebitda (earnings before interest, tax, depreciation and amortisation) grew by 21 per cent." GCPL's total expenses were at Rs 2,259.12 crore, up 26.07 per cent in the March 2021 quarter as against Rs 1,791.93 crore a year ago. "From a category perspective, we saw continued strong growth momentum in the 'household insecticides' and 'hygiene' categories. Hygiene grew 38 per cent, 'household insecticides' rose 28 per cent, and 'value for money' products grew by 27 per cent," she added.