India’s Godrej Consumer Products Ltd posts Q2 profit decline as tax cuts disrupt sales

Godrej Consumer Products reported a 6.5% drop in net profit for the quarter ended 30 September to ₹4.59 billion (~US$52.2 million), despite revenue rising 4% to ₹38.02 billion. The company cited a temporary disruption in sales caused by recent government tax cuts, which affected volume growth in some key segments. Expenses rose 6.4% year-on-year. Management described the tax cuts as positive for structural demand but acknowledged short-term headwinds. Analysts will watch whether brand resets and margin recovery follow in the coming quarters.