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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.

In Indonesia, the company expect gradual recovery with mid-single digits constant currency sales growth. While macroeconomic variables and a stretched COVID-19 environment continued to pose challenges, the company is witnessing gradual recovery in the Air Fresheners category and are strategically addressing the high competitive intensity in the Wet Wipes category.

In Godrej Africa, USA and Middle East, growth momentum continued across most of company's key countries of operations. The company expects to deliver constant currency sales growth close to the thirties. The company continues to put in place building blocks for the future, and is focused on driving sustainable and profitable sales growth.

The company expects sales growth in Latin America business to remain strong in constant currency terms. The SAARC business also continues to deliver healthy sales growth.

At a consolidated level, the company continues to leverage its category and geographic portfolio well, and expect to deliver constant currency sales growth in the mid-twenties.

Shares of GODREJ CONSUMER PRODUCTS LTD. was last trading in BSE at Rs.739.45 as compared to the previous close of Rs. 727.85. The total number of shares traded during the day was 117707 in over 3047 trades.

The stock hit an intraday high of Rs. 744.7 and intraday low of 727.75. The net turnover during the day was Rs. 87095812.


Source: Equity Bulls

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