The company had reported a net profit of Rs 334.14 crore in the corresponding period last year, Godrej Consumer Products said in a BSE filing.
GCPL had reported exceptional item of Rs 128.90 crore in the quarter ended March 31, 2013.
During the period under review, the company's net sales stood at Rs 1,924.01 crore, up 12.01 per cent, as against net sales of Rs 1,717.65 crore in the corresponding quarter last fiscal.
Overall expenses of the company in the quarter were at Rs 1,602.91 crore as against Rs 1,458.5 crore in the same quarter last year.
The company said figures of the current quarter are not comparable to that of the corresponding quarter of the previous year because of the acquisitions made since then.
During fiscal 2013-14, GCPL reported net profit of Rs 759.73 crore, compared to Rs 796.10 crore in the previous fiscal.
The company also said its board of directors has declared a fourth interim dividend of Re 2.25 per share for the financial year 2013-14.
Shares of Godrej Consumer were trading at Rs 791.80 apiece in the afternoon trade, down 1.69 per cent from their previous close on the BSE.