Consolidated total revenue from operations during the quarter under review stood at Rs 3,598.92 crore as against Rs 3,302.58 crore in the year-ago period, it added.
Total expenses were higher at Rs 2,969.52 crore as compared to Rs 2,714.32 crore in the same quarter a year ago, the company said.
"We delivered an all-round performance in 3Q FY 2023. Overall sales grew by 9 per cent and we witnessed a sharp sequential uplift in underlying volume growth," GCPL Managing Director and CEO
The company had broad-based growth across geographies with India delivering double-digit sales growth of 11 per cent, he said, adding
"Performance in our Indonesian business is gradually recovering, declining by 3 per cent in rupee and constant currency terms," Sitapati added.
On the outlook, he said, "With commodity pressures abating, we expect a gradual recovery in consumption, expansion in gross margins, upfront marketing investments with a significant focus on reducing controllable costs and improvement in profitability in the coming quarters."
GCPL continues to have a healthy balance sheet and is also net cash positive, Sitapati said, adding, "we are on track in our journey to reduce inventory and wasted cost and are deploying this to drive profitable and sustainable volume growth across our portfolio through category development."
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