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Godrej Consumer Products profit misses consensus by 35.6% in fiscal Q1


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Godrej Consumer Products profit misses consensus by 35.6% in fiscal Q1

Godrej Consumer Products Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 1.70 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 2.64 rupees per share.

EPS increased 17.9% year over year from 1.44 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.16 billion rupees, a gain of 18.1% from 979.5 million rupees in the year-earlier period.

The normalized profit margin increased to 6.1% from 5.7% in the year-earlier period.

Total revenue grew 9.6% on an annual basis to 18.86 billion rupees from 17.20 billion rupees, and total operating expenses rose 9.9% from the prior-year period to 16.67 billion rupees from 15.17 billion rupees.

Reported net income rose 8.1% year over year to 1.43 billion rupees, or 2.10 rupees per share, from 1.33 billion rupees, or 1.95 rupees per share.

As of July 28, US$1 was equivalent to 60.09 Indian rupees.