Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Amazon Great Indian Festival Celebration Sale - 2019
Google
Web www.equitybulls.com
Stock Report

| More

Godrej Consumer Products Ltd - Quarterly Update: 2QFY20

Posted On: 2019-10-04 15:06:59

This update seeks to provide an overall summary of the operating performance and demand trends witnessed during the quarter ended 30th Sep 2019. This will be followed by a detailed performance update, post the approval of 2QFY20 financial results by the Board of Directors.

During the quarter, we witnessed relatively mixed demand across our geographies of operations.

In India, demand continued to be challenging, impacted by a general consumption slowdown. Despite sluggish demand conditions, we recorded higher than mid single digit volume growth. The uplift in volume growth was led by recovery in household insecticides, new product launches, effective marketing campaigns and tactical consumer offers. The sales value growth will be very close to the last quarter's sales value growth. We look forward to a gradual improvement in consumer demand in the quarters ahead, aided by a good monsoon and government efforts to stimulate the economy.

In Indonesia, we recorded low double digit constant currency sales growth, driven by new product launches and several go-to-market initiatives.

In GAUM (Godrej Africa, USA, Middle East), we recorded a low single digit decline in constant currency sales growth. The performance was impacted by downtrading in hair extensions and adverse macros in few countries, thus resulting in mixed performance across the sub clusters. We continue to drive scale up of wet hair care and the relaunch of Darling brand in dry hair category along with expansion in distribution to deliver profitable sales growth for the full year.

Within the "others" geographies, in Latin America, despite currency depreciation in Argentina, volume and value growth have been robust. In INR terms also, we expect Latam to have robust value growth.

2QFY20 will be the last quarter with the UK business in the base quarter for close to two months of the operations.

Shares of GODREJ CONSUMER PRODUCTS LTD. was last trading in BSE at Rs.657.35 as compared to the previous close of Rs. 679.5. The total number of shares traded during the day was 36807 in over 1338 trades.

The stock hit an intraday high of Rs. 680.4 and intraday low of 656.05. The net turnover during the day was Rs. 24449435.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

MCX Q2 FY2019-20 consolidated PAT surges to Rs. 71.75 crore

ACC Ltd Q3 consolidated PAT at Rs. 302.53 crore

Uttam Galva Steels Ltd posts loss of Rs. 335.45 crores in Q2

SBI Life Insurance Company Ltd announces performance for half year ended Sep 30, 2019

CRISIL reaffirms ratings of Raymond's bank loan facilities

Hindustan Zinc Ltd Board to consider Q2 results & First Interim Dividend on Oct 21, 2019

ARSS Infrastructure Projects Ltd's JV receives work order of Rs. 60.57 crore

ACC Ltd announces Q3 CY2019 results

Robust Volumes on MCX Drive Strong Performance in Q2 FY 2020

ONGC Videsh makes two new discoveries in Colombia and Brazil

Suditi Industries Ltd updates on ratings by CARE

Thangamayil Jewellery Ltd to open two new branches on Oct 16, 2019

Gujarat Hotels Ltd Q2 net profit rises to Rs. 1.07 crore

Wipro Limited Q2 Net Income at Rs. 25.5 billion

Karnataka Bank records first half net profit of Rs. 281.33 crore

Scanpoint Geomatics bags contract for Rs. 3.99 crore

ARSS Infrastructure Projects Ltd's JV bags order of Rs. 50.46 crore

Karnataka Bank reports net profit of Rs. 105.91 crore

Alicon Castalloy Ltd reports consolidated Q2 PAT of Rs. 9.35 crore

WIPRO Ltd Q2 consolidated PAT climbs to Rs. 2552.7 crore

Dhanvarsha Finvest Ltd assigned credit rating for proposed long term facility

ICRA Credit Rating for Rs 500 Crore bank facilities of Ramco Industries Limited

Dhanvarsha Finvest Ltd posts net profit of Rs. 1.03 crore in Q2

International Travel House Ltd Q2 loss at Rs. (2.12) crore

Paisalo Digital Ltd posts consolidated Q2 PAT of Rs. 20.04 crores

Apollo Tricoat Tubes Ltd Q2 net profit jumps to Rs. 9.42 crores

Equinor extends IT Operations and Transformation Agreement with HCL

Network18 Media & Investments Ltd announces Q2 FY2019-20 results

TV18 Broadcast Limited announces Q2 FY20 results

G G Engineering Ltd acquires additional stake in Shashi Beriwal and Company Pvt Ltd

Z F Steering Gear India Ltd posts loss of Rs. 0.80 crore in Q2

Berger Paints India Ltd to acquire STP Limited for Rs. 167.5 crore

Kaveri Seeds sets up its biggest, technologically advanced Biotechnology lab in Telangana, strengthens its focus on R & D

Maruti Suzuki invests Rs. 154 crore towards CSR initiatives in FY 2018-19

IOL Chemicals & Pharmaceuticals Ltd prepays Rs. 22.11 crore to bank

Jindal Drilling and Industries Limited awarded contract for Offshore Drilling Rig

CARE reaffirms ratings of Havells India Ltd

Indiabulls Housing Finance Limited repays Rs. 1330 crores raised through masala bonds

YES BANK recovers INR 645 crore

Vikas WSP Ltd receives LoC for $30 mn

CRISIL upgrades ratings of Varun Beverages Ltd

HUL Announces Key Appointments to Management Committee

GTPL Hathway appoints Mr. Anil Bothra as its Chief Financial Officer

Brickwork reaffirms ratings of Transcorp International Ltd

TCS Named India's Overall Most Outstanding Company in Asiamoney's 2019 Poll

Tejas Networks launches World's Largest Disaggregated Packet-Optical Switch at India Mobile Congress 2019

Cummins India powering a cleaner and more prosperous India with their BS-VI Certified engines

Early Diwali for investors: IRCTC stock doubles on listing day

Hindustan Unilever Ltd board declares interim dividend of Rs. 11 for 2019-20

Thomas Cook India introduces a unique 'Double Protection Program' comprising Trip Protection + Guaranteed Departures aimed at protecting traveller interests







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019