Godrej Consumer Products Limited (GCPL) reported a consolidated net loss of Rs 1,893 crore ($227 million) for the fourth quarter ended March 31, as against a net profit of Rs 452 crore in the year-ago quarter.
The company’s revenue for the quarter rose by 6 percent to Rs 3,386 crore, as against Rs 3,200 crore in the corresponding quarter of the previous fiscal year.
Commenting on the results, Sudhir Sitapati, managing director CEO in a statement said, “We delivered a strong performance for all four quarters in FY2024, despite challenging conditions across markets. Our consolidated organic volumes for Q4FY24 grew by 9 percent, led by the India business growing volumes at 7 percent and Indonesia growing volumes at 12 percent.”
“We continue to remain focused on driving volume-led growth along with healthy investments in our brands and improvement in profitability. We are launching new products in accordance with our purpose to bring the goodness of health and beauty to consumers,” he added.
GCPL owned by the Godrej Group is one of India’s leading players in the personal care and cosmetics market.
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