Consumer products company unveils a striking 24% surge in Q4 net profit!
As the financial season heats up, Godrej Consumer Products reported results and sets its sights on raising Rs 5000 crore.
In comparison to the same quarter last year, the company's net profit for the fourth quarter which ended on March 31, 2023, increased by 24.47% to Rs 452.14 crore from Rs 363.24 crore on a consolidated basis. When compared to the same quarter the previous year, the company's total revenue increased by 10.83% to Rs 3,258.07 crore from Rs 2,939.58 crore.
On a consolidated basis, the firm recorded a 4.53% marginal decline in net profit for the year ended March 31, 2023, to Rs 1702.46 crore from Rs 1783.39 crore. However, the company's overall revenue for FY23 climbed by 9.04% to Rs 13,484.38 crore from Rs 12,366.21 crore for the year ended March 31, 2022, year under review.
About the Fund Raise
Godrej Consumer Products Ltd (GCPL) in its filing said that it would issue Non-Convertible Debentures (NCDs) to raise Rs 5,000 crore. The board of the Godrej group's FMCG division approved raising funds by way of issuance of Unsecured NCDs, listed and/or unlisted, aggregating to an amount up to Rs 5,000 crore on a private placement basis in one or more tranches.
Godrej Consumer Products revealed last month that it had paid Rs 2,825 crore to acquire the FMCG division of Raymond, held by Singhania, as well as the brands Park Avenue, Kamasutra, and Premium.
Share Price Movement
Yesterday the script was closed at Rs 962.60 today it was opened at Rs 990. Currently, it is trading at Rs 981.95 up by Rs 19.35 or 2.01%. Till now it has touched high and low of Rs 990 and Rs 972.80 respectively, 53,013 shares were traded over the counter at BSE.
The BSE group ‘A’ stock has a market cap of more than one lakh crore and is very near to touching its 52-week high of Rs 994.45 and it has a 52-week low of Rs 708.60.
About the Company:
Godrej Consumer Products Limited manufactures personal care, hair care, household care and fabric care products. The Company’s products include toilet soaps, cosmetics, shaving creams, talcum powder, household cleaners and fabric detergents.
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