GCPL Q4 results: Net profit decreased by 75% to Rs 230 crores for FY20

GCPL Q4 results: Net profit decreased by 75% to Rs 230 crores for FY20 GCPL Q4 results: It is one of the largest Indian consumer goods company located in Mumbai. The company manufactures products like soap, hair colorants, toiletries, and liquid detergents. Some of the brands like ‘Cinthol’, ‘Godrej Fair... The post GCPL Q4 results: Net profit decreased by 75% to Rs 230 crores for FY20 appeared first on stockinvestor.in.

GCPL Q4 results: Net profit decreased by 75% to Rs 230 crores for FY20

GCPL Q4 results: Net profit decreased by 75% to Rs 230 crores for FY20

GCPL Q4 results: It is one of the largest Indian consumer goods company located in Mumbai. The company manufactures products like soap, hair colorants, toiletries, and liquid detergents. Some of the brands like ‘Cinthol’, ‘Godrej Fair Glow’, ‘Godrej No.1’, etc. However, the company is one of the subsidiaries of Godrej Group.

Meanwhile, on Wednesday, May 14, the company reported its Q4 results for the Financial Year 2020. The company’s standalone profit decreased by almost 75% to Rs 229.90 crores Year-on-Year in the quarter ended in March. The company also posted its consolidated profit of Rs 935.24 crores in the same quarter last fiscal year. 

Besides, the revenue of the company from operations increased by 17.85% YoY to Rs 1,113.94 crores ended in March. The revenue of the company stood at Rs 1,356.09 crores in the same quarter last year.

On the other side, the net sales of the company decreased by 12.22% to Rs 2,132.69 crores as against Rs 2,429.68 crores in the last year. While the expenditure of the company decreased by 9.25% to Rs 1,791.93 crores in this quarter ended in March. The also posted its expenditure of Rs 1,974.73 crores in the same quarter last year. The revenue from the African market decreased by 17.55% to Rs 484.03 crores as against Rs 587.09 crores.

In the financial year 2019-20, the companies standalone profit decreased by 36.08% to Rs 1,496.58 crores. The company also posted its profit of Rs 2,341.53 crores in the same quarter last year. While the total sales of the company decreased by 3.86% to Rs 9,826.51 crores ended in March. The company also posted its total sales to Rs10,221.07 crores in the same quarter last year. 

The spread of the virus and the eventual lockdown in many geographies of our operations resulted in virtually no sales in the latter part of March 2020, significantly impacting our sales performance in the quarter. This resulted in a weak performance in our India business, although we have continued to gain market shares across categories,” said Nisaba.

On Thursday, May 14, the shares of Godrej Consumer Products Ltd reported a bullish trend in the stock market. The company gained 29.55 points with a 5.53% increase and reached 564.00 INR. While in BSE, the company gained 28.95 points with a 5.42% increase and reached 562.50 INR.

Stock Market on May 14:

On Thursday, both Sensex and Nifty reported a bearish trend in the stock market on Thursday after the bullish reports in the last session. The Sensex is trading below 31,200 levels, and Nifty is trading below 9,200 levels in the stock market Sensex lost 885.72 points with a 2.77% decrease and reached a 31,122.89 level. While Nifty lost 240.80 points with a 2.57% decrease and reached 9,142.75 level.

On the other side, the number of coronavirus cases in India reached 78,003 as of Thursday, May 14, and deaths reached 2,549.

In the border market, the S&P BSE Smallcap index reported a bearish trend in the stock market on Thursday. It lost 67.95 points with a 0.63% decrease and reached a 10,706.48 level. The S&P BSE Midcap index lost 45.61points with a 0.39% decrease and reached an 11,536.11 level. While Nifty Bank lost 566.45 points with a 2.88% decrease and reached 19,068.50 level.

Top Gainers on May 14: Bharti Infratel, Zee Entertainment, Hero Motocorp, Ultratech Cement, and Maruti Suzuki are the top gainers in today’s stock market

Top Losers on May 14: Tech Mahindra, Infosys, Hindalco, HDFC, and IndusInd Bank are the top losers in today’s stock market. 

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