Godrej Shopper Merchandise’ internet revenue rises 4.75 per cent to Rs 413.7 crore in June quarter- The New Indian Specific


NEW DELHI: FMCG main Godrej Shopper Merchandise Ltd (GCPL) on Wednesday reported a 4.75 per cent rise in its consolidated internet revenue to Rs 413.66 crore for the primary quarter ended June 2021.

The Godrej group firm had posted a internet revenue of Rs 394.88 crore within the April-June quarter a yr in the past.

Its internet gross sales throughout April-June jumped 23.87 per cent to Rs 2,862.83 crore, in contrast with Rs 2,311.17 crore within the year-ago interval, GCPL mentioned in a BSE submitting.

The corporate’s complete bills had been at Rs 2,372.65 crore, a 21.53 per cent leap as towards Rs 1,952.31 crore a yr in the past.

GCPL Chairperson and Managing Director Nisaba Godrej mentioned, “We noticed robust double-digit gross sales development within the dwelling care and private care classes. Residence care grew by 14 per cent and private care rose 29 per cent. The sub-categories inside dwelling care and private care noticed broad-based development.”

The corporate’s India income elevated 20.28 per cent to Rs 1,660.65 crore within the June 2021 quarter, towards Rs 1,380.65 crore within the year-ago interval.

Within the first quarter of FY22, its India gross sales noticed quantity development of 15 per cent, GCPL mentioned in a post-earnings assertion.

Income from the Indonesian market was up 1.43 per cent to Rs 411.47 crore, in contrast with Rs 405.64 crore a yr in the past.

Whereas GCPL’s income from Africa market (together with ‘Energy of Nature’) was up 58.74 per cent at Rs 694.23 crore as towards Rs 437.33 crore a yr in the past.

Income from different markets was additionally up 25.48 per cent to Rs 159.72 crore within the first quarter of 2021-22 as towards Rs 127.29 crore.

“Our Africa, USA and Center East enterprise continued its sturdy development trajectory, rising at 59 per cent in Indian rupee and 60 per cent in fixed foreign money phrases. Our Indonesian enterprise grew one per cent in Indian rupee whereas development in fixed foreign money phrases remained flat,” mentioned Nisaba Godrej.

On the outlook, she mentioned, “Going ahead, we are going to proceed to focus our efforts the place the demand is in dwelling care and private care — in family pesticides, private wash and hygiene, and hair care. Now we have a strong pipeline of consumer-centric improvements and are constructing our full portfolios throughout worth factors.”

On the identical time, GCPL can also be strengthening its provide chain operations and distribution networks.

“We’re additionally ramping up digital capabilities and new channels like e-commerce and chemists. We stay assured of leveraging development alternatives to drive sustainable, worthwhile gross sales development throughout our portfolio within the monetary yr 2022,” Nisaba Godrej mentioned.

Shares of Godrej Shopper Merchandise Ltd on Wednesday settled at Rs 988.75 on BSE, down 2.73 per cent from the earlier shut.

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