New Update
/afaqs/media/media_files/2025/01/25/rJmY8ftVxSug1gUJ63NB.jpg)
0
By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.
Don’t have an account? Signup
Godrej Consumer Products Limited (GCPL) recorded advertising spends of Rs 364.4 crore for the third quarter of FY24, marking a 6% year-on-year (YoY) increase from Rs 343.3 crore in the same period last year. On a quarter-on-quarter (QoQ) basis, the company’s advertising spends saw a marginal rise, up from Rs 364 crore in the quarter ended September 2024.
Despite the higher ad spends, GCPL reported a 14.3% YoY decline in consolidated net profit, which stood at Rs 498 crore, impacted by subdued performance in its Home and Personal Care segments. The company had posted a net profit of Rs 581 crore in the corresponding quarter of the previous year and Rs 491.31 crore in the preceding September quarter.
Total revenue for the quarter grew by 3% YoY and 2% QoQ, reaching Rs 3,749 crore. Home Care revenues contributed Rs 1,095 crore, a 4% YoY growth, while the Personal Care segment posted revenues of Rs 1,044 crore, reflecting a 2% YoY increase.