Godrej Consumer Products Ltd reported a 51.53 per cent increase in consolidated net profit to Rs 935 crore

Homegrown FMCG major Godrej Consumer Products Ltd (GCPL) had posted a consolidated net profit of Rs 617.19 crore in the corresponding period last fiscal.

 
The company reported a 51.53 per cent increase in consolidated net profit to Rs 935.24 crore in the fourth quarter ended March 31.
 
Its revenue from the Indonesian business was up 19.34 per cent to Rs 412.47 crore as against Rs 345.60 crore a year ago.
 
While Africa business, which also includes 'Strength of Nature' brand, was at Rs 587.09 crore in the January-March 2019 period, a rise of 13.15 per cent as against Rs 518.83 crore in the year-ago period.
 
"In our international businesses, Indonesia continued its strong profitable growth momentum. Africa had a soft performance, led by the temporary slowdown in Nigeria due to elections and a gradual recovery in South Africa," GCPL Executive Chairperson Nisaba Godrej said.
 
For the entire financial year 2018-19, GCPL's profit was Rs 2,341.53 crore. It was Rs 1,634.18 crore in the previous year.
 
Nisaba Godrej said, "For fiscal year 2020, we are planning for boost sales growth in India on the back of a continued focus on innovations and enhancements to our go-to-market model."
 
GCPL has also announced an interim dividend of 2 per share on the shares of the face value of Re 1 each.

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