Godrej Consumer Products Q4 FY2024 Result: Loss of Rs. 1893 while Revenue increased by 6%

Synopsis:

Godrej Consumer Products announced its quarterly results for the period ending in March 2024 on 6th May. The company’s revenue for Q4 FY2024 increased by 5.87% on a YOY basis, reaching Rs. 3449.45 cr. The company reported a loss of Rs. 1893 cr for Q4 FY2024. EBITDA for Q4 FY2024 grew at 18%.

Quarter Result Performance

Godrej Consumer Products’s revenue for Q4 FY2024 increased by 5.87% on a YOY basis, reaching Rs. 3449.45 cr from Rs. 3257.07 cr in Q4 FY2024. On a quarterly basis, Godrej Consumer Products reported a decrease of 7.51% in total revenue. It reported a loss of Rs. 1893.21 cr for Q4 FY2024 from a profit of Rs. 518.06 cr in Q3 FY 2024 and Rs. 452.14 cr in Q4 FY 2023.

For the full financial year ending in March 2024, the loss stood at Rs. 560.55 cr compared to a profit of Rs. 1702.46 cr in FY 2023. For FY 2024, its revenue stood at Rs. 14,365.06 cr compared to Rs. 13,484.38 cr in FY 2023. EBITDA grew at 21% on a YOY basis.

In the quarter ending March, Godrej Consumer Products witnessed a consolidated volume growth of 12% while for the full financial year, it was 10%. The company’s overall business in India and abroad also witnessed staggering growth. The Indian business volume and sales growth for Q4 FY 2024 was 15% and 12% respectively. While for FY2024, the numbers stood at 13% and 10%, respectively.

Godrej Consumer Products also announced a Rs. 10 per equity share as an interim dividend for FY2024. Its homecare and personal care segments witnessed a growth of 6% and 4%, respectively. 

Commenting on the company’s result announcement, Mr. Sudhir Sitapati, MD and CEO, Godrej Consumer Products, said, “We delivered a strong performance for all four quarters in FY2024, despite challenging conditions across markets. Our consolidated organic volumes for Q4FY24 grew by 9 per cent, led by the India business growing volumes at 7 per cent and Indonesia growing volumes at 12 per cent. This led to strong full-year organic volume growth delivery at 7 per cent for our consolidated business, 6 per cent for India and 11 per cent for Indonesia.”

“We continue to remain focused on driving volume-led growth along with healthy investments in our brands and improvement in profitability. We are launching new products in accordance with our purpose to bring the goodness of health and beauty to consumers.” he added.

About Godrej Consumer Products

Godrej Consumer Products Ltd has been in the market for the last 125 years and has more than 1.2 billion customers across the globe. In emerging markets, the company leads the haircare and household insecticide segments. The company ranks first in India for household insecticide and second in the soaps segment. In the Indonesian market, Godrej Consumer Products is leading the Air Freshener and Wet Tissue segments. For Sub-Saharan Africa and India, it ranks on top for the Hair Colour segment. With years of experience, the company has strengthened its position in markets globally by serving various customers' needs.