Godrej Consumer Products reported 1QF13 results with revenue, operating profit and adjusted PAT of Rs13.9bn, Rs2bn and Rs1.34bn.
24% growth in domestic business driven by over 42% growth in soaps and 27% growth in household insecticides segment.
31% organic international business growth.
Gross margins improved by 10 bps in the domestic business and by 60 bps in the International business, demonstrating better pricing power and moderation in input costs. Consolidated operating margins, however, declined by 10bps, largely due to 130bps increase in staff costs; cushioned by a 70 bps cut in ad spends.
Godrej Consumer Products Ltd is expected to report an EPS of Rs 22.50 and 27.50 for FY13 and FY14 respectively.
