Godrej Consumer Products Ltd (GCPL) shares fell by 5% after the company reported mixed results for the June quarter of FY25. Despite a 41.36% jump in consolidated profit after tax, reaching Rs 450.69 crore due to lower raw material costs, the overall performance was below market expectations.
Key Financial Highlights
- Profit After Tax (PAT): Rs 450.69 crore, up from Rs 318.82 crore in the same quarter last fiscal.
- Total Revenue: Rs 3,331.58 crore, down from Rs 3,448.91 crore year-on-year.
- Total Expenses: Rs 2,744.36 crore, down from Rs 2,956.36 crore year-on-year.
- Cost of Raw Materials: Rs 1,289.68 crore, down from Rs 1,641.25 crore year-on-year.
Strategic Moves and Dividends
GCPL’s board has approved the entry into the pet care business through one of its subsidiaries, with an investment of Rs 500 crore over five years. Additionally, the board declared an interim dividend of Rs 5 per share for FY 2024-25.
Market Reaction
As of 10:20 AM, GCPL shares were trading 4.51% lower at ₹1,435.95.
TOPICS:
Godrej Consumer