Godrej Consumer Products Ltd - Quarterly Update: 3QFY21

During the quarter, demand trends in our categories across the key countries we operate in, remained stable.

In India, we expect 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.We continue the robust scale up of our Personal and Home Hygiene category.

In Indonesia, we expect a very marginal decline in constant currency sales. This is impacted by challenging macroeconomic variables, a gradual recovery in the Air Fresheners category, and high competitive intensity in the Wet Wipes category.

In Godrej Africa, USA and Middle East, growth momentum continued across most of our key countries of operations. We expect to deliver high teen constant currency sales growth, a second consecutive quarter of double digit sales growth. We continue to put in place building blocks for the future, and are focused on driving sustainable, profitable sales growth.

We expect sales growth in our Latin America business to remain strong in constant currency terms. Our SAARC business also continues to deliver healthy sales growth.

At a consolidated level, we continue to leverage our category and geographic portfolio well, and expect to deliver a second consecutive quarter of close to low double-digit sales growth.

This update provides an overall summary of the operating performance and demand trends during the quarter ended 31 December, 2020. This will be followed by a detailed performance update, post the approval of the 3QFY21 financial results by the Board of Directors.

Shares of GODREJ CONSUMER PRODUCTS LTD. was last trading in BSE at Rs.759.8 as compared to the previous close of Rs. 757.85. The total number of shares traded during the day was 32152 in over 1268 trades.

The stock hit an intraday high of Rs. 763.1 and intraday low of 748.55. The net turnover during the day was Rs. 24279624.

Source : Equity Bulls

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