Godrej Shopper Merchandise’ consolidated internet revenue up 59% in March quarter

FMCG main Godrej Shopper Merchandise Ltd (GCPL) on Tuesday reported a 59.13 per cent enhance in its consolidated internet revenue to Rs 365.84 crore for the fourth quarter ended March 2021.

The corporate, whose board on Tuesday appointed HUL former govt director Sudhir Sitapati because the managing director and CEO, had posted a internet revenue of Rs 229.90 crore within the January-March quarter a yr in the past, GCPL mentioned in a BSE submitting.

Its internet gross sales through the January-March 2021 have been up by 26.87 per cent to Rs 2,705.69 crore, in opposition to Rs 2,132.69 crore within the year-ago interval.

GCPL Chairperson and Managing Director Nisaba Godrej mentioned, “We delivered a 3rd consecutive quarter of double-digit gross sales progress. Consolidated gross sales grew 27 per cent and Ebitda (earnings earlier than curiosity, tax, depreciation and amortisation) grew by 21 per cent.”

GCPL’s complete bills have been at Rs 2,259.12 crore, up 26.07 per cent within the March 2021 quarter as in opposition to Rs 1,791.93 crore a yr in the past.

“From a class perspective, we noticed continued sturdy progress momentum within the ‘family pesticides’ and ‘hygiene’ classes. Hygiene grew 38 per cent, ‘family pesticides’ rose 28 per cent, and ‘worth for cash’ merchandise grew by 27 per cent,” she added.

GCPL’s India income was up 34.63 per cent to Rs 1,499.74 crore within the January-March 2021 quarter, in opposition to Rs 1,113.94 crore a yr in the past.

Its quantity grew by 29 per cent in India through the January-March 2021 quarter.

Income from the Indonesian market was up 4.84 per cent to Rs 471.13 crore, in contrast with Rs 449.36 crore a yr in the past.

Whereas GCPL’s income from the Africa market, together with that of Power of Nature, was up 30.23 per cent at Rs 630.37 crore as in opposition to Rs 484.03 crore a yr in the past.

“Our Africa, USA and Center East enterprise continued its strong progress trajectory, rising at 30 per cent within the Indian rupee and 36 per cent in fixed forex phrases.

“Our Indonesian enterprise delivered progress of 5 per cent within the Indian rupee and 4 per cent in fixed forex phrases, on a optimistic progress base,” mentioned Godrej.

Income from different markets was additionally up 31.49 per cent to Rs 178.70 crore in January-March 2021, in opposition to Rs 135.90 crore.

For the fiscal yr 2020-21 ended on March 31, 2021, GCPL’s internet revenue was up 14.98 per cent at Rs 1,720.82 crore. It was Rs 1,496.58 crore within the earlier yr.

Its internet gross sales within the fiscal have been 11.29 per cent to Rs 10,936.01 crore. It was Rs 9,826.51 crore in 2019-20.

Nisaba Godrej mentioned GCPL will proceed to focus our efforts the place the demand is in ‘family pesticides’, ‘hygiene’, and ‘worth for cash’.

“We’re investing behind consumer-centric improvements and serving our shoppers throughout all worth factors.

“To allow this, we’re strengthening our provide chain operations and distribution networks. We’re additionally build up our digitisation capabilities and channels like e-commerce and chemists,” Godrej mentioned.

GCPL stays assured of leveraging progress alternatives to drive sustainable and worthwhile gross sales progress throughout its portfolio in FY22.

“We are going to proceed to fastidiously navigate the challenges of the second wave of COVID-19 in India by guaranteeing seamless provide chain deliveries, and carefully monitoring shifts in client behaviour to answer,” she added.

Shares of Godrej Shopper Merchandise Ltd on Tuesday settled at Rs 715.95 apiece on the BSE, up 0.92 per cent from the earlier shut.

(Solely the headline and film of this report could have been reworked by the Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)

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