Godrej Consumer Q1 net profit rises 41.3% to ₹450.6 crore, dividend announced; check details

In the year-ago period, the company had reported a net profit of ₹318.8 crore.

Revenue from operations declined 3.4% to ₹3,331.5 crore in the first quarter of the financial year 2024-25, as against ₹3,448.9 crore in the corresponding period last year.

Godrej Consumer Products announces dividend

The company also declared an interim dividend of ₹5 per share for the financial year 2024-25.

"The record date for ascertaining the names of the shareholders who will be entitled to receive the said dividend is Friday, August 16, 2024. The dividend will be paid on or before Friday, September 6, 2024," it said.

The EBITDA (earnings before interest, taxes, depreciation, and amortisation) rose 12.7% to ₹724.5 crore as compared to ₹642.8 crore a year back. The margin rose 320 basis points to 21.8%.

Sudhir Sitapati, Managing Director and CEO of Godrej Consumer, said, "Our quality of profits has been improving consistently over the last few quarters with reported consolidated gross margin improving by 230 bps year-on-year. Our EBITDA Margin, too, improved by 310 bps year-on-year."

He also announced the formation of Godrej Pet Care (GPC), a subsidiary of Godrej Consumer.

"Pet foods is already a ₹5,000 crore category with many decades of late teens growth ahead. To give a perspective, only ~10% of Indians own a pet of which only 10% feed packaged food and that too only 40% of the time. Calorie conversion in India is only 4%. China, which was remarkably similar to India 15 years ago, has 20% pet ownership with a calorie conversion of 25%," Sitapati said.

The company reported 8% growth in the home care section and 6% growth in the personal care category.

Shares of Godrej Consumer settled 0.7% higher at ₹1,490 on the NSE. The earnings were announced post-market hours.