Business

Godrej Individual Products Q1FY25 results: Web revenue increases 41% to Rs 451 cr Business Results

.Purchase of products dropped 3 percent to Rs 3,311 cr.1 min checked out Final Upgraded: Aug 07 2024|4:57 PM IST.India's Godrej Individual Products disclosed a smaller-than-expected increase in first-quarter earnings on Wednesday, as its house insecticides found soft demand.The Cinthol soap maker disclosed a consolidated internet profit of Rs 451 cr ($ 54 million) for the quarter finished June 30, up coming from Rs 319 cr a year earlier.Experts had on average assumed a revenue of 4.92 billion rupees, as per LSEG information.Sale of items fell 3 per-cent to Rs 3,311 cr.The provider introduced its own entry right into the pet treatment business, through which it will spend 5 billion rupees over 5 years.Branded consumer goods creators have actually lessened rates to compete with smaller competitors that use less costly alternatives, which has adversely influenced top-line development.Nonetheless, they are actually reaping the benefits from a recovery popular in backwoods.Rival Saffola oil maker Marico reported a slightly bigger-than-expected increase in first-quarter income, while Dabur India reported a first-quarter profit in line with desires.( Merely the title and also image of this report might have been remodelled due to the Company Specification staff the rest of the web content is auto-generated from a syndicated feed.) 1st Released: Aug 07 2024|4:57 PM IST.