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Godrej Consumer Products profit misses consensus by 23.8% in fiscal Q4

Godrej Consumer Products Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 2.96 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 3.88 rupees per share.

EPS rose 12.4% year over year from 2.63 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.02 billion rupees, an increase of 12.4% from 1.79 billion rupees in the year-earlier period.

The normalized profit margin climbed to 9.5% from 9.2% in the year-earlier period.

Total revenue rose 8.9% year over year to 21.17 billion rupees from 19.44 billion rupees, and total operating expenses increased 9.0% from the prior-year period to 17.38 billion rupees from 15.95 billion rupees.

Reported net income increased 12.4% from the prior-year period to 2.66 billion rupees, or 3.90 rupees per share, from 2.36 billion rupees, or 3.47 rupees per share.

For the year, the company's normalized net income totaled 10.20 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 13.39 rupees.

EPS rose 21.3% from 8.41 rupees in the prior year.

Normalized net income was 6.95 billion rupees, a gain of 21.3% from 5.73 billion rupees in the prior year.

Full-year total revenue rose 8.9% on an annual basis to 82.76 billion rupees from 76.02 billion rupees, and total operating expenses grew 7.7% on an annual basis to 69.84 billion rupees from 64.87 billion rupees.

The company said reported net income rose 19.4% year over year to 9.07 billion rupees, or 13.32 rupees per share, in the full year, from 7.60 billion rupees, or 11.16 rupees per share.

As of July 9, US$1 was equivalent to 63.31 Indian rupees.