Godrej Consumer Products Ltd - Quarterly Update: 1QFY22

Godrej Consumer Products Ltd has provided an update an overall summary of the operating performance and demand trends during the quarter ended 30 June, 2021. This will be followed by a detailed performance update, post the approval of the 1QFY22 financial results by the Board of Directors.

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

In India, we expect to deliver sales growth in high teens, driven by strong volume growth and calibrated price increases. We expect our 2-year CAGR to be in the double digits. We witnessed strong double-digit sales growth in our Home Care and Personal Care categories. Home Care was led by a strong growth in Household Insecticides whereas Personal Care was led by Personal Wash & Hygiene.

In Indonesia, we expect constant currency sales growth to remain flat. We continue to put building blocks in place to ensure gradual recovery, during the course of the year.

In Godrej Africa, USA and Middle East, growth momentum continued across most of our key countries of operations. We expect to deliver constant currency sales growth upwards of the fifties. Here too, we expect our 2-year CAGR to be in the double digits. We continue our focus on driving sustainable, profitable sales growth.

We expect sales growth in our Latin America and SAARC businesses to remain strong in constant currency terms.

At a consolidated level, we continue to leverage our category and geographic portfolio well and expect to deliver strong double-digit sales growth and our 2-year CAGR to be in the double digits.

Shares of GODREJ CONSUMER PRODUCTS LTD. was last trading in BSE at Rs.924.75 as compared to the previous close of Rs. 891.4. The total number of shares traded during the day was 241121 in over 10235 trades.

The stock hit an intraday high of Rs. 927.25 and intraday low of 896. The net turnover during the day was Rs. 221246891.

Source : Equity Bulls

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