Godrej Consumer's demand trends remain stable in Q4 across countries; Company expects double-digit growth in India sales ahead

For India business, Godrej Consumer said, "We expect to deliver sales growth around the thirties, driven by strong volume growth and calibrated price increases."

Apr 08, 2021 01:04 IST India Infoline News Service

Godrej Consumer Products
Godrej Consumer Products said that in March 2021 quarter, demand trends in categories across the key countries the company operates in, remained stable.

Godrej Consumer announced its outlook on a geographical basis:

For India business, Godrej Consumer said, "We expect to deliver sales growth around the thirties, driven by strong volume growth and calibrated price increases. Sales growth was quite broad-based across key categories of Soaps, Household Insecticides and Hair Colours. We also witnessed strong sales growth momentum in each of the months within the quarter."

In Indonesia, Godrej Consumer said, "we expect gradual recovery with mid-single digits constant currency sales growth. While macroeconomic variables and a stretched COVID-19 environment continued to pose challenges, we are witnessing gradual recovery in the Air Fresheners category and are strategically addressing the high competitive intensity in the Wet Wipes category."

Meanwhile, in Godrej Africa, the USA and the Middle East, the company said that growth momentum continued across most of our key countries of operations. It added, "We expect to deliver constant currency sales growth close to the thirties. We continue to put in place building blocks for the future and are focused on driving sustainable and 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," Godrej Consumer added.

At a consolidated level, Godrej Consumer said, "we continue to leverage our category and geographic portfolio well, and expect to deliver constant currency sales growth in the mid-twenties."

At around 12.57 pm, Godrej Consumer was trading at Rs741.75 per piece marginally up from the previous closing on Sensex.

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