Godrej Consumer Products ' first
quarter (April-June) consolidated profit more
than doubled to Rs
244.3 crore compared with Rs 116.7 crore in year-ago period,
driven by strong
operational performance despite slow growth in revenue.
Revenue during the
quarter increased 6.8 percent to Rs 2,123 crore on yearly basis,
which was much
lower than analysts' estimates. Bottomline too missed expectations
but margin was far
ahead of estimates. Profit was estimated at Rs 257.2 crore on
revenue of Rs
2,380 crore for the quarter,
according to average of estimates of
analysts polled by
CNBC-TV18. Consolidated operating profit (EBITDA - earnings
before interest,
tax, depreciation and amortisation) grew by 20.4 percent year-on-year
to Rs 380 crore
and margin expanded by 200 basis points to 17.9 percent in Q1,
which were
expected at Rs 381 crore and 16 percent, respectively. At 12:43 hours
IST, the scrip of Godrej Consumer Products was quoting at Rs 1,610.95,
down Rs 24.05, or 1.47 percent on the BSE.
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