Godrej Consumer Products Q3 Net Drops 4% To Rs 352 Crore After Note Ban

New Delhi: FMCG firm Godrej Consumer Products Ltd (GCPL) today logged a 4.34 for each penny decrease in solidified net benefit at Rs 351.78 crore for the December 2016 quarter halfway because of the effect of demonetisation.

Its net benefit for October-December a year ago remained at Rs 367.75 crore.

GCPL’s aggregate pay was up 8.75 for each penny amid the period under audit at Rs 2,485.77 crore as against Rs 2,285.74 crore a year prior, it said in a BSE recording.

Godrej Group Chairman Adi Godrej stated: “In India, while demonetisation has brought about some close term interruptions, we have outflanked the general market with optional deals development of 2 for every penny amid the quarter… Through our attention on working efficiencies and prudent cost administration, our Ebitda, as well, has expanded by 15 for each penny.”

He additionally stated: “Going ahead, remonetisation ought to bring about development normalizing in India throughout the following couple of months. In money related year 2018, execution of GST will give solid force to a vastly improved financial environment and more grounded purchaser request.”

Amid the quarter, GCPL’s India business essential deals came in level because of demonetisation.

In the mean time, in a different documenting, GCPL said its load up in a meeting today proclaimed a third break profit of Rs 1 for each share for 2016-17.

GCPL stock was exchanging at Rs 1,570.25 on BSE, up 1.27 for every penny, from the past close.

Source:- NDTV

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