GCPL stellar performance in Q4FY17, stock jumps 8 per cent

Godrej Consumer Product Ltd. reported its results for the quarter ended March 31, 2017 on Tuesday.

Total sales for this quarter, Q4FY17 came in at Rs. 2389.81 crore. This represents 0.51 per cent sequential decline and 12.13 per cent YoY increase.

Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 513.82 crore and the EBIT margin stood at 21.5 per cent.

In terms of the bottom-line, the company reported PAT of Rs. 389.91 crore which represents a sequential QoQ increase of 10.84 per cent and a YoY increase of 212 per cent.

The board of directors has declared an interim dividend of Rs. 12 per share and also it announced bonus issue in the ratio of 1:1.

In response to this stellar performance, stock of GCPL jumped more than 8 per cent from its previous close of Rs. 1758.05 to touch day's high of Rs. 1909. The stock is currently (at 01:15 p.m.) trading at Rs 1883.

Godrej Consumer Products (GCPL) is an India Fast Moving Consumer Goods (FMCG) companies, with Household and Personal Care Products. The companys brands include Good Knight, Cinthol, Godrej No. 1, Expert, Hit, Jet, Fairglow, Ezee, Protekt and Snuggy.