Business

Godrej Individual Products Q1FY25 results: Internet revenue climbs 41% to Rs 451 cr Company Outcomes

.Purchase of items fell 3 per cent to Rs 3,311 cr.1 min reviewed Last Improved: Aug 07 2024|4:57 PM IST.India's Godrej Customer Products stated a smaller-than-expected growth in first-quarter revenue on Wednesday, as its own home insecticides found smooth demand.The Cinthol cleansing soap producer disclosed a combined net income of Rs 451 cr ($ 54 thousand) for the quarter ended June 30, up from Rs 319 cr a year earlier.Analysts had on average anticipated a profit of 4.92 billion rupees, according to LSEG records.Purchase of products fell 3 per cent to Rs 3,311 cr.The firm declared its access into the household pet treatment organization, in which it will commit 5 billion rupees over 5 years.Branded durable goods manufacturers have minimized prices to compete with smaller competitors that provide more affordable options, which has detrimentally affected top-line development.However, they are actually reaping the benefits coming from a recovery sought after in rural areas.Competing Saffola oil creator Marico stated a somewhat bigger-than-expected boost in first-quarter revenue, while Dabur India disclosed a first-quarter profit in accordance with desires.( Just the headline and image of this file may have been modified by the Service Specification staff the remainder of the material is auto-generated from a syndicated feed.) Initial Posted: Aug 07 2024|4:57 PM IST.