Godrej Consumer Products (GODREJCP) witnessed a notable surge in its shares on Thursday following the release of impressive financial results for the July-September period. The Mumbai-based FMCG giant, renowned for its popular brands such as Cinthol, Good Knight, and Ezee, reported a robust 10% year-on-year growth in volumes, driving its positive performance.
Post market hours on Wednesday, Godrej Consumer Products (GODREJCP) disclosed a substantial 20.6% year-on-year increase in consolidated net profit, reaching Rs 432.8 crore. Concurrently, the company experienced a solid revenue growth of 6.2%, totaling Rs 3,602 crore for the second quarter of the current financial year. These figures exceeded analysts’ expectations, contributing to the stock’s upward trajectory.
The market responded positively, with Godrej Consumer Products shares witnessing a significant gain of Rs 32.4, translating to a 3.3% increase, and reaching Rs 1,007 apiece on the BSE. This surge brought the stock within Rs 95 of its 52-week high achieved in July.
As trading continued, the shares maintained their momentum, trading at ₹983.80, reflecting a 0.94% increase.
