India’s Godrej Consumer Product (GOCP.NS), opens new tab reported a fourth-quarter profit that missed analysts’ estimates on Tuesday, as a jump in costs overshadowed the gains from sustained demand for its home care products.
The ‘Goodknight’ mosquito repellent maker posted a consolidated net profit of 4.12 billion rupees ($48.9 million), below analysts’ average estimate of 4.82 billion rupees, according to data compiled by LSEG.
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In the year-ago period, the company reported a loss of 18.93 billion rupees due to a one-time charge related to restructuring costs.
Revenue from its India business, its biggest market, rose 7.4% in the quarter, driving the company’s total revenue 6.3% higher to 35.78 billion rupees.
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