Godrej Client Merchandise Restricted (GCPL) recorded promoting spends of Rs 364.4 crore for the third quarter of FY24, marking a 6% year-on-year (YoY) enhance from Rs 343.3 crore in the identical interval final yr. On a quarter-on-quarter (QoQ) foundation, the corporate’s promoting spends noticed a marginal rise, up from Rs 364 crore within the quarter ended September 2024.
Regardless of the upper advert spends, GCPL reported a 14.3% YoY decline in consolidated internet revenue, which stood at Rs 498 crore, impacted by subdued efficiency in its House and Private Care segments. The corporate had posted a internet revenue of Rs 581 crore within the corresponding quarter of the earlier yr and Rs 491.31 crore within the previous September quarter.
Complete income for the quarter grew by 3% YoY and a couple of% QoQ, reaching Rs 3,749 crore. House Care revenues contributed Rs 1,095 crore, a 4% YoY progress, whereas the Private Care phase posted revenues of Rs 1,044 crore, reflecting a 2% YoY enhance.
Written with the View : afaqs