Godrej Consumer Products has witnessed relatively mixed demand across some of its geographies of operations during Q3 FY20. In India, demand continued to be challenging, impacted by a general consumption slowdown. Despite weak demand conditions, the company continued marginally higher than mid-single digit volume growth trend during the quarter.
In Indonesia, the company recorded close to high single digit constant currency sales growths, amidst an improving demand environment in home and personal care space, while in GAUM (Godrej Africa, USA, Middle East), the company saw a good recovery with higher than mid-single digit constant currency sales growth, thus reversing the trend of the past few quarters.
Within the others geographies, the performance in Latin America is expected to be strong in constant currency terms. However, in INR terms due to currency depreciation in Argentina, the company expects the performance to be muted. Performance in SAARC countries was robust.
Godrej Consumer Products is the largest home-grown home and personal care company in India.
