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Godrej Consumer Products consolidated net profit up 59% in March quarter

FMCG major Godrej Consumer Products Ltd (GCPL) on Tuesday reported a 59.13 per cent increase in its consolidated net profit to Rs 365.84 crore for the fourth quarter ended March 2021. The company, whose board on Tuesday appointed HUL former executive director Sudhir Sitapati as the managing director and CEO, had posted a net profit of Rs 229.90 crore in the January-March quarter a year ago, GCPL said in a BSE filing. Its net sales during the January-March 2021 were up by 26.87 per cent to Rs 2,705.69 crore, against Rs 2,132.69 crore in the year-ago period. GCPL Chairperson and Managing Director Nisaba Godrej said, We delivered a third consecutive quarter of double-digit sales growth. Consolidated sales grew 27 per cent and Ebitda (earnings before interest, tax, depreciation and amortisation) grew by 21 per cent.

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