Business

Godrej Individual Products Q1FY25 results: Net income climbs 41% to Rs 451 cr Business End results

.Sale of products fell 3 percent to Rs 3,311 cr.1 min reviewed Final Upgraded: Aug 07 2024|4:57 PM IST.India's Godrej Consumer Products disclosed a smaller-than-expected rise in first-quarter earnings on Wednesday, as its own family insecticides saw soft need.The Cinthol cleansing soap producer mentioned a combined internet earnings of Rs 451 cr ($ 54 million) for the fourth ended June 30, up coming from Rs 319 cr a year previously.Analysts had on average assumed a revenue of 4.92 billion rupees, as per LSEG data.Purchase of items fell 3 percent to Rs 3,311 cr.The company announced its own admittance into the family pet care service, in which it is going to put in 5 billion rupees over 5 years.Branded durable goods manufacturers have actually reduced prices to compete with much smaller competitors that deliver less costly alternatives, which has actually negatively influenced top-line development.Nevertheless, they are profiting from a rehabilitation in demand in backwoods.Rival Saffola oil maker Marico disclosed a somewhat bigger-than-expected boost in first-quarter earnings, while Dabur India reported a first-quarter revenue in line with desires.( Only the title and also picture of this report might possess been actually modified by the Company Standard workers the remainder of the content is auto-generated coming from a syndicated feed.) Very First Published: Aug 07 2024|4:57 PM IST.