GCPL Q4FY23 PAT up 24.5% to Rs452 crore on lower raw material costs

GCPL reported 9.75% growth in total revenues for the March 2023 quarter on consolidated basis at Rs3,200cr. On a sequential basis, the revenues were down -11.08%. Clearly, there has been pressure on sequential basis due to weak export demand and weak rural demand domestically. Geographically, GCPL reported higher revenues across key markets like India, Indonesia and the Africa markets.

Even in terms of the thrust to the operating profit, the boost came from the Indian market and the Indonesian markets while the African market saw a turnaround from loss to profit. The big boost came from a sharp fall in raw material costs amidst higher volumes and sales as the price of crude and several agri inputs fell sharply during the quarter.

Financial highlights for Mar-23 compared yoy and sequentially

 Godrej Consumer    

Rs in Crore

Mar-23

Mar-22

YOY

Dec-22

QOQ

Total Income (Rs cr)

₹ 3,200

₹ 2,916

9.75%

₹ 3,599

-11.08%

Operating Profit (Rs cr)

₹ 630

₹ 437

44.10%

₹ 712

-11.55%

Net Profit (Rs cr)

₹ 452

₹ 363

24.47%

₹ 546

-17.24%

 

 

 

 

 

 

Diluted EPS (Rs)

₹ 4.42

₹ 3.55

 

₹ 5.34

 

OPM

19.69%

15.00%

 

19.80%

 

Net Margins

14.13%

12.46%

 

15.18%

 

 

On a yoy basis, the operating profits were higher by 44.1% while the operating margins improved from 15% to 19.69%. In terms of the bottom line, the net profits were higher by 24.5% yoy while the net margins went up from 12.46% to 14.13% on yoy basis.

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