Godrej Consumer Products rose 19.38% to Rs 854.70 after the company s consolidated net profit surged 59.1% to Rs 365.84 crore on 26.9% jump in net sales to Rs 2,705.69 crore in Q4 FY21 over Q4 FY20.
Consolidated profit before tax soared 25.8% to Rs 424.41 crore in Q4 March 2021 as against Rs 337.39 crore in Q4 March 2020. The consolidated EBITDA galloped 21% Y-o-Y in Q4 March 2021 over Q4 March 2020. Consolidated EBITDA margins stood at 21.2%, a decrease of 110 bps year-on-year, driven by drop in India and Latin America & SAARC margins.
The India sales grew 35% to Rs 1,466 crore in Q4 FY2021 over Q4 FY2020 while the volume jumped 29% during the period under review.
Barometers traded near the day s low with steep losses in mid-morning trade. PSU banks and media shares bucked a weak market trend.
At 11:26 IST, the barometer index, the S&P BSE Sensex, was down 451.89 points or 0.93% at 48,716.68. The Nifty 50 index declined 128.35 points or 0.86% at 14,722.35.
In broader market, the S&P BSE Mid-Cap index was down 0.58% while the S&P BSE Small-Cap index fell 0.26%.
The market breadth was positive. On the BSE, 1447 shares rose and 1316 shares fell. A total of 166 shares were unchanged.
Indian stock markets will remain closed tomorrow, 13 May 2021 on account of Id-Ul-Fitr (Ramzan Id).
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 159,337,160 with 3,312,920 global deaths.
Read more about Sensex tanks 463 pts, Nifty ends below 14,700 on Business Standard. As per the provisional closing data, the barometer index, the S&P BSE Sensex, dropped 463.67 points or 0.96% at 48,690.77. The Nifty 50 index lost 154.25 points or 1.04% at 14,696.95.