GCPL Q1 net profit down 3% to `395 crore

Godrej Consumer Products Ltd (GCPL) reported a 3.12 per cent decline in consolidated net profit at Rs 394.88 crore in the first quarter ended June 2020 due to pandemic related disruptions in the market. The company had posted a net profit of Rs 407.60 crore in April-June quarter a year ago. Net sales were marginally lower at Rs 2,311.17 crore as against Rs 2,330.59 crore. Total expenses declined 2.16 per cent.