Godrej Consumer Products Q3 Result: India volumes growth, stable margins lead earnings beat

The company managed to maintain its EBITDA margin at 20.2 percent, which was also the figure during the same period last year. Gross margin was also up by 50 basis points on a year-on-year basis and 280 basis points sequentially, despite an increase of 70 basis points in advertising spends.

CFO Sameer Shah had told CNBC-TV18 earlier this month that the company is planning on increasing spending on advertising in 2023 as it is currently lower than the industry average for the FMCG space.

GCPL's India business reported a 11 percent year-on-year growth in overall sales while margin also saw expansion.

Within the overseas business, the Indonesia business, excluding sanitisers grew 2 percent from last year. Africa business continued to do well for GCPL, registering its 11th straight quarter of double-digit sales growth.

Household Insecticides: Third straight quarter of improvement

Non-mosquito portfolio continues to grow ahead of mosquito portfolio

Double-digit growth momentum continues in the air freshners business

Personal wash and hygiene also continues to grow in double-digits

Hair colour business witnessed growth in the teens

Access pack of Godrej Expert Rich Creme at Rs 15 is receiving an encouraging response

Shares of GCPL are trading 0.9 percent higher at Rs 911.75.