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Godrej Consumer shares fall as Q1 India margin contracts despite revenue growth
Godrej Consumer’s shares fell after Q1 India margins narrowed to 19% amid a 261-bps gross-margin decline. Revenue, EBITDA and profit rose, while overseas Africa and Indonesia performance partly offset India pressure. The board declared a Rs 5 interim dividend.
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Reported figures
From the report. Source details below
| Stock down 2.8% to Rs 1,020.70 on NSE; later down 2.57% at | Rs 1,023 |
|---|---|
| India EBITDA margin 19%, down 40 bps from | 19.4% YoY |
| Q1 net profit Rs 505 crore, up 11.5% YoY from | Rs 453 crore |
| Q1 revenue Rs 4,225 crore, up 18.3% YoY from | Rs 3,571 crore |
| Q1 EBITDA Rs 802 crore, up 15.7% YoY from | Rs 693 crore |
| Share price down 16.16% YTD and 13.61% | over 12 months |
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