Business

Godrej Consumer Products Q1FY25 results: Net profit increases 41% to Rs 451 cr Provider End results

.Sale of items dropped 3 per-cent to Rs 3,311 cr.1 minutes checked out Final Updated: Aug 07 2024|4:57 PM IST.India's Godrej Buyer Products reported a smaller-than-expected growth in first-quarter profit on Wednesday, as its own home insecticides saw soft demand.The Cinthol soap manufacturer disclosed a combined net profit of Rs 451 cr ($ 54 million) for the one-fourth ended June 30, up from Rs 319 cr a year earlier.Experts carried average assumed a profit of 4.92 billion rupees, based on LSEG data.Purchase of items dropped 3 per-cent to Rs 3,311 cr.The business revealed its entry in to the pet dog treatment company, through which it will definitely spend 5 billion rupees over 5 years.Well-known durable goods manufacturers have actually decreased prices to compete with much smaller competitors that give cheaper choices, which has actually negatively impacted top-line growth.However, they are profiting from a healing sought after in rural areas.Competing Saffola oil maker Marico disclosed a somewhat bigger-than-expected rise in first-quarter earnings, while Dabur India reported a first-quarter earnings according to assumptions.( Merely the title and picture of this record may possess been revamped due to the Service Standard team the rest of the information is auto-generated from a syndicated feed.) First Posted: Aug 07 2024|4:57 PM IST.