Godrej Consumer Products shares down over 4% after Q1 results, dividend announcement

The stock was trading 4.1% lower at ₹1,442 on the NSE and down 3.9% at ₹1,441.1 on the BSE.

Godrej Consumer Products Q1 results

However, total revenue from operations in the quarter declined 3.4% to ₹3,331.5 crore compared to ₹3,448.9 crore in the corresponding period last year.

The company said its board approved an interim dividend of ₹5 per equity share with a face value of ₹1 each for the financial year 2024-25.

Godrej Consumer Products also said its board has given the green light to foray into a pet care business through one of its subsidiaries and will invest ₹500 crore over five years.

"GCPL will invest ₹500 crore over a period of five years in one of its subsidiary companies," it said, adding that production will commence in the second half of financial year 2025-26 (H2 FY26).

In Q1 FY25, the company said its India business revenue stood at ₹2,162.9 crore against ₹2,005.4 crore in the same period last fiscal. Indonesia reported a revenue of ₹465.13 crore, up from ₹450.69 crore a year back.

Africa business revenue in the April-June quarter was at ₹544.5 crore, down from ₹848.5 crore in the year-ago period.