Godrej Consumer Products has reported steady performance with mid-single digit volume growth in its organic business for July-September quarter (Q2FY24) despite weak macros and adverse weather conditions. Overall, Home Care volumes grew in mid-single digit while Personal Care grew in low-single digit. The performance of Park Avenue and KamaSutra brands has improved sequentially and are on track to achieve full year guidance.
Its Indonesia business continued to deliver improving performance, with double-digit volume and value growth. Godrej Africa, USA, and Middle East (GAUM) continued its consistent performance with constant currency sales growth in mid-teens. However, in Indian rupee terms, adverse currency translation impact will result in mid-single digit sales decline.
At a Consolidated level (organic), the company expects to deliver mid-single digit volume growth, double-digit constant currency sales growth and low single digit sales growth in Indian rupee terms. Sales growth (incl. inorganic) to be in mid-single digit in Indian rupee terms.
Godrej Consumer Products is a leading emerging markets company.
| Company Name | CMP |
|---|---|
| Hindustan Unilever | 2163.00 |
| Godrej Consumer Prod | 1092.60 |
| Dabur India | 445.85 |
| Colgate-Palmolive(I) | 2051.15 |
| P&G Hygiene & Health | 8909.85 |
| View more.. | |
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