On a consolidated basis, the net profit of Godrej Consumer Products declined 25.1 per cent to Rs 358.86 crore despite a 7 per cent rise in net sales to Rs 3,364.45 crore in the second quarter of FY23 over the second quarter of FY22.

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The PBT (before exception items) declined by 20.83 per cent to Rs 480.41 crore in Q2FY23. The company posted an exceptional net loss of Rs 22.67 crore compared to Rs 1.44 crore in Q2FY22. EBITDA declined by 15 per cent year on year, while consolidated EBITDA margins decreased by 450 bps 17.1 per cent in Q2.

Africa, USA and Middle East clusters delivered sales growth of 13 per cent in CC. The Dry Hair and FMCG category both also grew in double digits.

On Bombay Stock Exchange (BSE), the scrip declined 0.84 per cent to recent trade at Rs 819.25.