Godrej Consumer Products has reported a 9 per cent drop in consolidated net profit at ₹230 crore for the quarter ended June 30.
Consolidated sales increased by 8 per cent, while the India business registered 6 per cent sales growth at ₹1,186 crore. Net profit for the India operations also declined by 2 per cent to ₹150 crore during the quarter led by flat volume growth due to GST-driven de-stocking by the trade.
The board has declared an interim dividend of 100 per cent(₹1 per share).