Godrej Consumer Products on 1 November announced its quarterly earnings for the July-September quarter.

The company reported a 20.59% year-on-year (YoY) increase in its consolidated net profit at Rs 432.77 crore during the quarter under review against Rs 358.86 crore reported in the year-ago quarter.

The revenue from operation saw a 6.19% YoY increase to Rs 3,601.95 crore from Rs 3,391.92 crore reported in the same quarter of the previous fiscal year.

The company’s EBITDA (earnings before interest, tax, depreciation and amortisation) was at Rs 704 crore in Q2, which is a 29.9% YoY increase. The EBITDA margins during the quarter were at Rs 19.6%, expanding by 360 basis points from the year-ago quarter.

The company has also announced an interim dividend of Rs 5 per share for the fiscal year 2023-24.

Sudhir Sitapati, Managing Director and CEO of Godrej Consumer Products, said, “We continue to remain focused on driving volume-led growth along with healthy investments in our brands and improvement in profitability. We continue to have a strong balance sheet. We are on track in our journey to reduce wasted cost and are deploying this to drive profitable and sustainable volume growth across our portfolio through category development.”