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Godrej Consumer Products Ltd. Q2 profit dips as tax cuts disrupt sales
Godrej Consumer Products’ consolidated net profit for the quarter ended September 30 fell 6.5 % year-on-year to ₹4.59 billion (~US$52 million), while revenue rose 4% to ₹38.02 billion. The company cited short-term disruption in sales following sweeping tax reforms as a key headwind, though management views the tax-cuts as a structural positive for long-term demand. Expenses rose 6.4 %, squeezing margins. The results underline near‐term pressure despite favourable long-term tax policy tailwinds.
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cautious
Godrej Consumer Products Ltd. Q2 profit dips as tax cuts disrupt sales
Godrej Consumer Products’ consolidated net profit for the quarter ended September 30 fell 6.5 % year-on-year to ₹4.59 billion (~US$52 million), while revenue rose 4% to ₹38.02 billion. The company cited short-term disruption in sales following sweeping tax reforms as a key headwind, though management views the tax-cuts as a structural positive for long-term demand. Expenses rose 6.4 %, squeezing margins. The results underline near‐term pressure despite favourable long-term tax policy tailwinds.
Tags:
- stocks
- India
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Godrej Consumer’s Q2 profit fell despite revenue growth, as tax reforms disrupted near-term sales and margins came under pressure.
Godrej Consumer Products’ consolidated net profit for the quarter ended September 30 fell 6.5 % year-on-year to ₹4.59 billion (~US$52 million), while revenue rose 4% to ₹38.02 billion. The company cited short-term disruption in sales following sweeping tax reforms as a key headwind, though management views the tax-cuts as a structural positive for long-term demand. Expenses rose 6.4 %, squeezing margins. The results underline near‐term pressure despite favourable long-term tax policy tailwinds.
Godrej Consumer Products’ consolidated net profit for the quarter ended September 30 fell 6.5 % year-on-year to ₹4.59 billion (~US$52 million), while revenue rose 4% to ₹38.02 billion. The company cited short-term disruption in sales following sweeping tax reforms as a key headwind, though management views the tax-cuts as a structural positive for long-term demand. Expenses rose 6.4 %, squeezing margins. The results underline near‐term pressure despite favourable long-term tax policy tailwinds.
Tags:
- stocks
- India
- stocks
- India
- FMCG
- consumer goods
- earnings