Mumbai-based home products maker, Godrej Consumer Products Limited reported a 59.24 percent YoY (year-on-year) rise in net profits to Rs 617 crore for the fourth quarter (Q4) of 2017-18 from Rs 387.58 crore.
The net of Rs 617 crore aided by strong performance of its soap business, is much higher than Bloomberg's estimate of Rs 445 crore. Its profit was mainly boosted by an exceptional income of Rs 194 crore from an earn-out liability of a subsidiary.
The company's 6 percent increase in volume growth helped drive its 7 growth in sales. It saw an 11 percent YoY increase in EBITDA (earnings before interest, tax, depreciation and amortisation) to Rs 605 crore.
The board of Godrej Consumer has declared an interim dividend of Rs 7 per share.
While looking at the international business contribution, its Indonesian business reported an 11 percent YoY fall in sales at Rs 345 crore while its Africa, USA, Middle East business reported a 5 percent rise.
At 12:56 pm, the company's share price was trading at Rs 1,143.25, which is Rs 21.55 higher than the previous close of Rs 1,108.95. Check the current share price here.