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Stock Report
Godrej Consumer Products Ltd - Quarterly Update - 2QFY21
Posted On : 2020-10-06 14:44:05( TIMEZONE : IST )
Godrej Consumer Products Ltd has provided an overall summary of the operating performance and demand trends during the quarter ended 30 September, 2020. This will be followed by a detailed performance update, post the approval of the 2QFY21 financial results by the Board of Directors.
During the quarter, demand trends in categories served by the company remained stable and improved sequentially across key geographies.
In India, the company expects to deliver close to low double-digit y/y sales growth this quarter, led by the Hygiene (including Soap) and Household Insecticides categories. Household Insecticides was marginally impacted by regional lockdowns and resultant back-end supply chain disruptions. The company continues to see sequential recovery in the Hair Colour and Air Fresheners categories.
In Indonesia, the company expects to deliver low single-digit y/y constant currency sales growth this quarter, led by the Household Insecticides and Hygiene categories. The company continues to see sequential recovery in the Air Fresheners category. Business performance was also marginally impacted by the worsening COVID-19 situation and stringent social distancing norms which were implemented from mid-September.
In Godrej Africa, USA and Middle East, the company recorded strong sequential recovery across most of its markets of operations. The company expects to deliver close to low double-digit y/y constant currency sales growth this quarter. The company is putting the right building blocks in place and remain focused on driving sustainable sales growth in the future.
The company expects sales performance in the Latin America business to remain steady in constant currency terms. The SAARC business too continues to deliver healthy sales performance. At a consolidated level, the company expects to deliver close to low double-digit y/y sales growth (in INR) this quarter.
Shares of GODREJ CONSUMER PRODUCTS LTD. was last trading in BSE at Rs.752.65 as compared to the previous close of Rs. 733.85. The total number of shares traded during the day was 69551 in over 3511 trades.
The stock hit an intraday high of Rs. 758.2 and intraday low of 739.15. The net turnover during the day was Rs. 52050228.
