BENGALURU (Reuters) - India's Godrej Consumer Products reported a nearly 20% rise in fourth-quarter profit before a one-time charge on Monday, benefiting from higher demand for its home and personal care products.

WHY IT'S IMPORTANT

Rising household incomes and evolving lifestyles have fuelled the growth of consumer goods makers like Godrej Consumer Products, at a time when other companies have reported mixed results.

Consumers are spending more on a variety of the company's offerings, from Cinthol soap to Godrej Expert hair colour.

However, an extended winter in north and east India led to reduced purchases of household insecticide products, the company said last month, while flagging a drop in revenue due to the devaluation of the local currency in Nigeria, where the company has operations.

Rival Dabur India reported a larger-than-expected fourth-quarter profit rise due to stable domestic demand and lower costs, while Hindustan Unilever missed quarterly earnings estimates but said a recovery in rural demand is underway.

BY THE NUMBERS

Godrej Consumer Products' profit before exceptional items rose to 6.91 billion rupees ($82.8 million) from 5.78 billion rupees a year ago.

However, it posted a net loss of 18.93 billion rupees hurt by a one-time charge of 23.76 billion rupees on account of restructuring costs. Last year it had reported a net profit of 4.52 billion rupees.

Its total revenue from operations rose about 6% to 33.86 billion rupees in the fourth quarter, beating analysts' estimate of 33.48 billion rupees, as per LSEG data.

Cost of raw materials declined 7.4%, aiding margins.

The company's India business volume grew 15% during the quarter. It announced a dividend of 10 rupees per share.

($1 = 83.4800 Indian rupees)

(Reporting by Navamya Ganesh Acharya and Ashna Teresa Britto in Bengaluru; Editing by Varun H K and Mrigank Dhaniwala)