Q1FY19 Results: Godrej Consumer reports steady numbers
Godrej Consumer Products reported steady results in Q1FY19. The top line grew in single digits while bottom-line grew strongly.
The revenue for the quarter rose by 8 per cent yoy to Rs. 2,448 crore in Q1FY19 vs Rs. 2,266 crore in Q1FY18. This was largely due to strong revenue from India to the extent of Rs. 1,309 crore in Q1FY19 vs Rs. 1,196 crore in Q1FY18.
The EBITDA for the quarter rose by 20.6 per cent yoy to Rs. 416 crore in Q1FY19 vs Rs. 345 crore in Q1FY18. Further, the EBITDA margin for the quarter also expanded by 180 bps to 17 per cent vs 15.2 per cent in the same quarter the previous year.
The Net profit for the quarter rose by 80 per cent yoy to Rs. 405 crore in Q1FY19 vs Rs. 225 crore in Q1FY18. This was largely due to favourable tax adjustments in Q1FY19.
Meanwhile, the stock of Godrej Consumer was trading flat at Rs. 1,305 per share, on Monday.