Mumbai: FMCG major Godrej Consumer Products on Friday reported a 52 percent increase in its fourth quarter 2018-19 net profit at Rs 935 crore against Rs 617 crore in a year ago period.
However, the revenue declined by 3 percent at Rs 2,453 crore against Rs 2,531 crore in Q4 of FY 18. The company’s Q4 2018-19 net profit without exceptions and one-off items increased by 1 percent to Rs 297 crore.
Consolidated constant currency sales increased by 4 percent but constant currency EBITDA (earnings before interest, tax, depreciation, and amortization) declined by 3 percent, said Godrej Consumer Products.
India business sales were flat while international business sales grew 10 percent on a constant currency basis, it said in a statement.
The board of director has declared an interim dividend of 200 percent (Rs 2 per share).
“Our India business remained soft on account of a general slowdown in staples consumption and the adverse impact of the delayed summer on our portfolio,” said company’s Executive Chairperson Nisaba Godrej.
“For the fiscal year 2020, we are planning for robust sales growth in India on the back of a continued focus on innovations and enhancements to our go-to-market model,” he said.
[source_without_link]ANI[/source_without_link]