Insight Edge: Godrej Consumer Products Reports Good Q4, Lower Raw Material Costs Aid Margin

Insight Edge| #GCPL gains in trade after reporting a good set of #Q4FY23 #earnings. @GoldmanSachs has a #Buy call on the stock with target price of Rs 1,150. In our special segment Insight Edge, @blitzkreigm gets us all the details.

Godrej Consumer Products on Wednesday reported a rise of 24.2 per cent in consolidated net profit to ₹452.1 crore, This is against a net profit of ₹363.2 crore in the corresponding quarter last fiscal.

The revenue from operations rose by 9.8 per cent to ₹3,200.2 crore in the quarter under review from ₹2,915.8 crore in the year ago period.

#godrejconsumerproducts #Q4FY23results #Q4FY23earnings #cnbctv18 #businessnewsinenglish #sharemarkettoday

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