Shares of Godrej Consumer skyrocketed by 12% and hit a 52-week high of Rs 1,314.30 on 1 February after the company reported strong quarterly earnings for October-December.

In its quarterly update, the company reported a 6.4% year-on-year increase in its consolidated net profit to Rs 581.1 crore for the quarter under review from Rs 546.3 crore reported in the same quarter last year.

The total revenue for the quarter stood at Rs 3659.6 crore, marking a marginal increase of 1.7% YoY from Rs 3,599 crore reported in the same quarter of the previous fiscal year. The marginal growth in the consolidated revenue growth of the company was recorded due to the devaluation of the Naira and the Argentine Peso.

The EBITDA (earnings before interest, tax, depreciation and amortisation) for the quarter grew by 15.7% YoY to Rs 840.7 crore during the quarter under review. The EBITDA margins expanded by 28 basis points during the quartet to 23%.

During the quarter, the company also launched two new products in the Indian market: Godrej Fab Liquid Detergent and Goodknight Agarbatti.

The company’s home care segment saw a 5% YoY growth during the quarter, whereas the personal care segment grew by 2% YoY growth.

At 12:08 pm, the shares of Godrej Consumer were trading 9.36% higher at Rs 1,273.15 on NSE.