FMCG major Godrej Consumer Products on Friday reported 52 per cent increase in its fourth quarter 2018-19 net profit at Rs 935 crore against Rs 617 crore in a year ago period.
However, the revenue declined by 3 per cent at Rs 2,453 crore against Rs 2,531 crore in Q4 of FY 18. The company's Q4 2018-19 net profit without exceptions and one-off items increased by 1 per cent to Rs 297 crore.
Consolidated constant currency sales increased by 4 per cent but constant currency EBITDA (earnings before interest, tax, depreciation and amortisation) declined by 3 per cent, said Godrej Consumer Products.
India business sales were flat while international business sales grew 10 per cent on a constant currency basis, it said in a statement.
The board of director has declared an interim dividend of 200 per cent (Rs 2 per share).
"Our India business remained soft on account of a general slowdown in staples consumption and the adverse impact of the delayed summer on our portfolio," said company's Executive Chairperson Nisaba Godrej.
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"For the fiscal year 2020, we are planning for robust sales growth in India on the back of a continued focus on innovations and enhancements to our go-to-market model," he said.
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