Godrej, the prominent Indian consumer goods conglomerate, has announced its financial results for the final quarter of the 2024 fiscal year, showcasing impressive performance despite prevailing market challenges.
Consolidated EBITDA surged by 18 percent compared to the corresponding period of the previous year, signaling robust operational efficiency and profitability for the company.
Total sales witnessed a notable uptick of 12 percent, reaching ₹2,007 crore, with a substantial volume growth of 15 percent contributing to the overall revenue increase. Among the company’s divisions, Home Care experienced a 6 percent growth, while Personal Care saw a 4 percent expansion primarily driven by volume-led growth strategies.
Sudhir Sitapati, the Managing Director and CEO of Godrej, expressed satisfaction with the company’s performance, highlighting consistent strong performance across all four quarters of the fiscal year despite market adversities. Sitapati emphasized that organic volumes for the fourth quarter of FY 2024 witnessed a commendable growth of 9 percent, with the Indian business registering a 7 percent volume increase and Indonesia achieving a remarkable 12 percent volume growth.
The company’s consolidated business demonstrated a robust full-year organic volume growth of 7 percent, with India and Indonesia recording volume growth rates of 6 percent and 11 percent, respectively. Furthermore, the consolidated reported revenue growth for both the fourth quarter and the entire fiscal year stood at 6 percent, underscoring Godrej’s sustained growth trajectory.
Sitapati’s remarks reflect the company’s resilience in navigating market challenges and its ability to deliver strong financial performance amidst evolving business dynamics. Godrej’s consistent focus on innovation, market expansion, and operational excellence continues to position it as a leader in the Indian consumer goods sector.
