Godrej Consumer Products stock increased by 8% after Q4 results

Godrej Consumer Products recently beat expectations for its quarterly results, which led the company’s share to increase by 8%, reaching Rs. 1349.65 on Tuesday.

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The company witnessed a one-time loss of Rs.1893 cr for Q4 FY2024 due to the reorganisation of the Africa business. In Q4 FY2023, the net profit was Rs. 452 cr.

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The revenue was Rs. 3385.61 cr for Q4 FY2024 from Rs. 3200.16 cr in Q4 FY2023, up by around 6%.

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The company’s India and Indonesia business volume witnesses a growth of 15% and 12%, respectively.

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The company’s shares were trading in a range of Rs.1267.15 to Rs.1346.70 on Tuesday from the previous closing of Rs. 1250.15.

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Godrej Consumer Products stock increased by 8% after Q4 results

Godrej Consumer Products recently beat expectations for its quarterly results, which led the company’s share to increase by 8%, reaching Rs. 1349.65 on Tuesday.

Hike in share price

The company witnessed a one-time loss of Rs.1893 cr for Q4 FY2024 due to the reorganisation of the Africa business. In Q4 FY2023, the net profit was Rs. 452 cr.

Financials

The revenue was Rs. 3385.61 cr for Q4 FY2024 from Rs. 3200.16 cr in Q4 FY2023, up by around 6%.

YOY revenue comparison

The company’s India and Indonesia business volume witnesses a growth of 15% and 12%, respectively.

Volume growth

The company’s shares were trading in a range of Rs.1267.15 to Rs.1346.70 on Tuesday from the previous closing of Rs. 1250.15.

Share price hike

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