Profit before exceptional items increased by 23.12% to Rs 561.66 crore in during the quarter as compared with Rs 456.20 crore posted in corresponding quarter last year.

Exceptional loss stood at Rs 81.78 crore, exceptional item includes an amount Rs 81.78 crore comprising of Rs 77.52 crore on account of acquisition of Raymond Consumer Care Business and Rs 4.26 crore on account of other restructuring costs.

Consolidated EBITDA grew 28% year on year in Q1 FY24 while EBITDA margin.

During the quarter, the India business sales grew by 9% to Rs 1,971 crore and volume rose by 12%. While the Home Care category recorded a rise of 14%, Personal Care category reported a growth of 2%. EBITDA grew by 21% to Rs 492 crore in Q1 FY24.

During the quarter, Indonesia business grew by 15% in constant currency terms on the back of structural initiatives taken last year. Our EBITDA margins at 19.5%, up 420 bps year-on-year led by reduction in trade promotions and scale leverage. EBITDA including forex margin at 19.4%, up 410 bps year-on-year.

The company's Africa, USA and Middle East cluster delivered sales growth of 16% in constant currency terms. We continue to deliver healthy double-digit sales growth in the FMCG category. EBITDA margins at 11.8% expanded by 350 bps year-on-year. EBITDA incl. Forex margin at 7.8%, up 140 bps year-on-year.

Sudhir Sitapati, managing director and CEO, GCPL, said, “We started the year on a positive note and achieved healthy volume-led sales growth. In organic terms, our consolidated sales increased by 9% year-on-year driven by healthy volume growth of 8%. Sales in constant currency terms increased by 13%. In India, we continued to stay course on our strategy of volume-driven category development and delivered double-digit volume growth of 10%. This performance was broad based with Home Care delivering double-digit volume growth and Personal Care in mid-single digits.

Our EBITDA Margin, too, improved by 270 bps year-on-year along with continued working media investments which increased by 79% year-on-year.”

Meanwhile, the company has approved a capital expenditure of Rs 900 crore for setting up a new manufacturing site at Tamil Nadu and Madya Pradesh.

Godrej Consumer Products is an Indian consumer goods company. The company's products include soap, hair colorants, toiletries and liquid detergents.