Business

Godrej Consumer Products Q1FY25 results: Net income increases 41% to Rs 451 cr Firm End results

.Sale of items dropped 3 per cent to Rs 3,311 cr.1 min checked out Final Improved: Aug 07 2024|4:57 PM IST.India's Godrej Consumer Products mentioned a smaller-than-expected increase in first-quarter earnings on Wednesday, as its own home insecticides saw soft requirement.The Cinthol soap manufacturer disclosed a consolidated net income of Rs 451 cr ($ 54 million) for the one-fourth ended June 30, up from Rs 319 cr a year earlier.Experts had on standard expected a revenue of 4.92 billion rupees, according to LSEG records.Purchase of items dropped 3 percent to Rs 3,311 cr.The provider announced its own entry right into the pet dog treatment business, in which it will definitely commit 5 billion rupees over 5 years.Well-known consumer goods makers have actually lessened costs to take on smaller sized rivals that give more affordable options, which has negatively affected top-line growth.However, they are actually reaping the benefits from a healing sought after in rural areas.Rival Saffola oil producer Marico reported a somewhat bigger-than-expected rise in first-quarter earnings, while Dabur India disclosed a first-quarter income according to expectations.( Merely the headline and image of this record may possess been actually reworked by the Service Standard personnel the rest of the web content is actually auto-generated from a syndicated feed.) First Published: Aug 07 2024|4:57 PM IST.