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Godrej Consumer’s Profit Rose; Stock Down

FMCG Giant, Godrej Consumer Products Limited  has reported a 52pc spike in its fourth quarter FY19 net profit at Rs.935.2-Crore against Rs.617.19-Cr.  However, its revenue fell by 3pc at Rs.2452.6-Crore against Rs.2531.15-Crore, a year before.

EBITDA was reported by 4pc declines at Rs.578-Crore against Rs.602.5-Crore, while margin was at 23.6pc V/s 23.8pc.

Meantime, the Godrej Consumer’s BoD has declared an interim dividend of Rs.2/- share.

During first afternoon hours of session, Nifty FMCG index, in which Godrej Consumer Products is a constituent, fall 1-percent at 29,790.40. Godrej Consumer Products share price is currently quoting at Rs.638.70, down by Rs.15.60 or 2.38 from its previous closing of Rs.654.30 on the NSE.