India's Godrej Consumer Products posts rise in Q4 adjusted profit [Reuters]
Unilever PLC (UL)
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Source: Reuters
a one-time charge on Monday, benefiting from higher demand for its home and personal care products. WHY IT'S IMPORTANT Rising household incomes and evolving lifestyles have fuelled the growth of consumer goods makers like Godrej Consumer Products, at a time when other companies have reported mixed results. Consumers are spending more on a variety of the company's offerings, from Cinthol soap to Godrej Expert hair colour. However, an extended winter in north and east India led to reduced purchases of household insecticide products, the company last month, while flagging a drop in revenue due to the devaluation of the local currency in Nigeria, where the company has operations. Rival Dabur India reported a larger-than-expected fourth-quarter profit rise due to stable domestic demand and lower costs, while Hindustan Unilever quarterly earnings estimates but said a recovery in rural demand is underway. BY THE NUMBERS Godrej Consumer Products' profit before exceptional items
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