Godrej Consumer Products Q2 Results Live: Profit Rise by 13.53% YOY | Mint

Godrej Consumer Products Q2 Results Live : Godrej Consumer Products declared their Q2 results on 24 Oct, 2024, reporting a topline increase of 1.79% year-over-year (YoY) and a significant profit rise of 13.53%. In comparison to the previous quarter, the revenue grew by 10.05% and profit surged by 9.01%.

The company’s Selling, General & Administrative expenses saw a rise of 10.51% quarter-over-quarter (QoQ), while they decreased by 3.84% compared to the same quarter last year. This reflects a strategic effort to control costs amidst growing revenues.

Operating income also showed positive momentum, increasing by 7.52% QoQ and 8.59% YoY, signaling effective management and operational efficiency during this quarter.

Earnings per share (EPS) for Q2 stood at ₹4.84, marking a 12.13% increase YoY, further underlining the company’s robust financial performance.

However, despite these promising results, Godrej Consumer Products has experienced a -6.84% return in the last week. In contrast, the stock has shown a 4.44% return over the last six months and a notable 10.95% year-to-date return.

Currently, the company boasts a market capitalization of ₹128387.2 Crore, with a 52-week high of ₹1541.85 and a low of ₹959.8, indicating a volatile but ultimately upward trend in the stock’s performance.

As of 25 Oct, 2024, out of 32 analysts covering Godrej Consumer Products, the consensus recommendation leans towards a ‘Buy’, with 15 analysts recommending it as a strong buy, while only 2 analysts suggest selling.

Godrej Consumer Products Financials