FMCG Hindustan Unilever Godrej Consumer Products

The rural markets have outpaced urban demand, registering a 7.6 per cent increase compared to a 5.7 percent rise in urban areas, in the March quarter of FY24

According to analysts, the company's revenue and profit for the quarter under review may remain little changed as demand trends remain muted

Homegrown FMCG major Godrej Consumer Products Ltd (GCPL) on Thursday reported a marginal decline in consolidated profit after tax at Rs 363.24 crore for the fourth quarter ended March. The company had posted a consolidated profit after tax of Rs 365.84 crore in the year-ago period, GCPL said in a regulatory filing. Consolidated total revenue from operations during the quarter under review stood at Rs 2,915.82 crore as against Rs 2,730.74 crore in the corresponding period a year ago. Total expenses in the fourth quarter were higher at Rs 2,535.06 crore as compared to Rs 2,259.12 crore in the same period a year ago. For the full fiscal year ended March 31, 2022, the company posted a consolidated profit after tax of Rs 1,783.39 crore as compared to Rs 1,720.82 crore in the previous fiscal, it added. Consolidated total revenue from operations in FY22 stood at Rs 12,276.5 crore as against Rs 11,028.62 crore in FY21, GCPL said. GCPL Managing Director and CEO Sudhir Sitapati said, "We .

Despite the correction, analysts at HDFC Securities expects more valuation risks in the next few years

At 11:43 am; Nifty FMCG index was up 0.75% at 29,938, as compared to 0.10% decline in the Nifty 50 index.