Godrej Consumer Stocks Soar 8% to Yearly High After Q4 Results Exceed Expectations

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Godrej Consumer Products’ share price rallied nearly 8% to hit a 52-week high of ₹1,349.65 apiece on the BSE after the company’s Q4 earnings surpassed analysts’ expectations.
The FMCG major posted a net loss of ₹1,893 crore in Q4FY24 due to a one-time exceptional loss of ₹2,376 crore during the March quarter, attributed to the reorganisation of its Africa business.
Despite the net loss, the company’s revenue rose 6% to ₹3,385.61 crore from ₹3,200.16 crore YoY, with the consolidated volume growing at 12%.

Godrej Consumer Products’ Q4 earnings beat expectations, driving the share price to a 52-week high, despite a net loss due to a one-time exceptional loss.

Godrej Consumer Products’ Q4 Earnings Overview

Godrej Consumer Products reported a net loss of ₹1,893 crore in Q4FY24, compared to a net profit of ₹452 crore in the same period last year. This loss was primarily due to a one-time exceptional loss of ₹2,376 crore during the March quarter, which was a result of the reorganisation of its Africa business. Despite this, the company’s revenue rose 6% to ₹3,385.61 crore from ₹3,200.16 crore YoY, and the consolidated volume grew at 12%.

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