Godrej Consumer Q4 net down 29% at Rs 236.28 crore

FMCG major Godrej Consumer Products Limited (GCPL) today reported 29.28 per cent decline in consolidated net profit at Rs 236.28 crore for the quarter ended March 31, 2014, due to exceptional items in the corresponding quarter of FY'13.

The company had reported a net profit of Rs 334.14 crore in the corresponding period last year, Godrej Consumer Products said in a BSE filing.

GCPL had reported exceptional item of Rs 128.90 crore in the quarter ended March 31, 2013.

During the period under review, the company's net sales stood at Rs 1,924.01 crore, up 12.01 per cent, as against net sales of Rs 1,717.65 crore in the corresponding quarter last fiscal.

Overall expenses of the company in the quarter were at Rs 1,602.91 crore as against Rs 1,458.5 crore in the same quarter last year.

The company said figures of the current quarter are not comparable to that of the corresponding quarter of the previous year because of the acquisitions made since then.

During fiscal 2013-14, GCPL reported net profit of Rs 759.73 crore, compared to Rs 796.10 crore in the previous fiscal.

The company also said its board of directors has declared a fourth interim dividend of Re 2.25 per share for the financial year 2013-14.

Shares of Godrej Consumer were trading at Rs 791.80 apiece in the afternoon trade, down 1.69 per cent from their previous close on the BSE.

EDITORIAL OF THE DAY

  • HDFC Bank has triggered market competition by lowering base rate

    Even nine months after the Reserve Bank of India (RBI) changed its monetary stance and started reducing key policy rates, both public and private sect

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Roopen Roy

Startups to bring change for good

It is a widely held belief that our new generation ...

Rajgopal Nidamboor

The quest for the greater self

All of us have our own outlook, or view, of ...

Dharmendra Khandal

Elephants are killed for those ivory bangles

Wildlife lovers always curse China for making products out of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture