Godrej Consumer Products Ltd - Quarterly Update: 1QFY22 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Godrej Consumer Products on Wednesday provided an overall summary of the operating performance and demand trends during the quarter ended 31 March 2021.During the quarter, Godrej Consumer said demand trends in its categories across key countries, remained stable. In India, the FMCG company expects to deliver sales growth around the thirties, driven by strong volume growth and calibrated price increases. Sales growth was quite broad based across key categories of soaps, household insecticides and hair colours. The company also witnessed strong sales growth momentum in each of the months within the quarter.
In Indonesia, Godrej Consumer expects gradual recovery with mid-single digits constant currency sales growth. While macroeconomic variables and a stretched COVID-19 environment continued to pose challenges, we are witnessing gradual recovery in the Air Fresheners category and are strategically addressing the high competitive intensity in the Wet Wipes category.
Godrej Consumer Products Limited - Quarterly Update: 4QFY21
Posted On: 2021-04-07 04:54:24 (Time Zone: Arizona, USA)
Godrej Consumer Products Limited has provided an update which is an overall summary of the operating performance and demand trends during the quarter ended 31 March, 2021. This will be followed by a detailed performance update, post the approval of the 4QFY21 financial results by the Board of Directors.
During the quarter, demand trends in the categories across the key countries that the company operates in, remained stable.
In India, the company expects to deliver sales growth around the thirties, driven by strong volume growth and calibrated price increases. Sales growth was quite broad based across key categories of Soaps, Household Insecticides and Hair Colours. The company also witnessed strong sales growth momentum in each of the months within the quarter.
Godrej Consumer Products said that during the third quarter, demand trends in the categories across the key countries that the company operates in, remained stable.
In India, the company expects to deliver a second consecutive quarter of close to low double-digit sales growth, driven by higher than mid-single digit volume growth. This is led by Soaps, which is expected to deliver strong mid-teen growth. Following a sharp recovery, Hair Colours is also expected to deliver mid-teen growth. Household Insecticides is expected to deliver close to high single-digit growth. The company continued the robust scale up of its personal and home hygiene category.