NEW DELHI : FMCG major Godrej Consumer Products Ltd (GCPL) on Wednesday reported an over 75 per cent drop in its consolidated net profit at ₹229.90 crore in the fourth quarter ended March 2020, hit by disruptions in sales amid the covid-19 outbreak.
The company had posted a net profit of ₹935.24 crore in the January-March quarter a year ago, GCPL said in a BSE filing. Its net sales were down 12.22 per cent to Rs 2,132.69 crore during the quarter under review as against ₹2,429.68 crore in the corresponding period of the last fiscal.
GCPL's total expenses were at ₹1,791.93 crore as against ₹1,974.73 crore, down 9.25 per cent. Commenting on the results, GCPL Executive Chairperson Nisaba Godrej said: “This quarter was an unprecedented period