Godrej Consumer Products hits a 52-week high, soars by over 9% after beating Street estimates in Q3 results

Godrej Consumer Products Share Price: Godrej Consumer Products hit a 52-week high of Rs 1280.55 on BSE on Thursday (February 1, 2024) after the consumer product company reported above-Zee Business research estimate numbers in its December quarter results. 

On a day when Nirmala Sitharaman is set to present the Union Budget 2024 at 11 am, the stock of Godrej Consumer Products is soaring higher by 9.60 per cent, or Rs 11.80, at Rs 1275.95 at 9:40 am on Thursday.

Godrej Consumer Products Q3 results

Its consolidated profit after tax jumped by six per cent to Rs. 581 crore from 546 crore Year-on-Year (YoY), against research estimates of Rs 566 crore.

The consolidated revenue jumped by two per cent to Rs. 3660 crore in the December quarter compared to Rs 3599 crore a year ago, against Rs analysts' estimates of Rs 3680 crore.

EBITDA soared by 16 per cent to Rs. 841 crore against Rs 726 crore YoY, compared to estimate of Rs 815 crore.

Margins went up by 23 per cent in Q3 compared to 20.2 per cent in the same quarter last fiscal, against research estimates of 22 per cent.