Business

Godrej Customer Products Q1FY25 leads: Internet revenue increases 41% to Rs 451 cr Business End results

.Purchase of products fell 3 per-cent to Rs 3,311 cr.1 min reviewed Final Upgraded: Aug 07 2024|4:57 PM IST.India's Godrej Customer Products mentioned a smaller-than-expected rise in first-quarter profit on Wednesday, as its own household insecticides viewed soft need.The Cinthol detergent producer reported a consolidated web profit of Rs 451 cr ($ 54 thousand) for the quarter ended June 30, up coming from Rs 319 cr a year earlier.Experts had on standard anticipated a profit of 4.92 billion rupees, as per LSEG data.Sale of items dropped 3 per cent to Rs 3,311 cr.The provider announced its own access in to the family pet care organization, through which it will invest 5 billion rupees over 5 years.Top quality consumer goods producers have reduced costs to take on much smaller rivals that give much cheaper substitutes, which has actually negatively affected top-line growth.However, they are actually profiting coming from a recovery in demand in rural areas.Competing Saffola oil producer Marico disclosed a somewhat bigger-than-expected increase in first-quarter profit, while Dabur India mentioned a first-quarter revenue according to expectations.( Only the heading and image of this record might have been revamped due to the Business Criterion workers the rest of the content is auto-generated coming from a syndicated feed.) Initial Posted: Aug 07 2024|4:57 PM IST.

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