Godrej Consumer Products Limited - Quarterly Update - Q1 FY25

This update provides an overall summary of the operating performance and demand trends during the quarter ended June 30, 2024. This will be followed by a detailed performance update, post the approval of the Q1 FY25 financial results by the Board of Directors.

Despite the operating conditions in India continuing to remain soft in the quarter our India business performed well with high-single digit organic volume and mid-single digit value growth. Reported growth will be double-digit in volume and high-single digit in value terms. The growth was broad-based across both Home Care and Personal Care. Demand in Household Insecticides had been soft for earlier parts of the quarter due to extreme heatwaves across the country. Park Avenue and KamaSutra brands are performing well post portfolio simplification actions and are in-line with our full year growth ambition.

Indonesia business continues to consistently deliver strong performance with high-single digit volume growth and double-digit constant currency sales growth. However, the Indonesian currency has seen high depreciation leading to lower growth in INR terms.

The GAUM (Godrej Africa, USA, and Middle East) organic business is expected to see double-digit volume decline largely led by West Africa due to a high base in Q1 FY24 on account of appointment of a National Distributor giving a one-time sell-in benefit and some tough pricing decisions in Nigeria. There has been an additional impact driven by supply disruption in South Africa led by the shipping crisis. As shared earlier, the currency in Nigeria continues to negatively impact our INR sales performance. Despite this, we have grown EBITDA (reported) in INR terms in strong double-digit.

At a Consolidated level (organic), we expect flattish INR sales, double-digit constant currency sales growth and double-digit EBITDA (reported) growth.

Shares of Godrej Consumer Products Limited was last trading in BSE at Rs. 1425.80 as compared to the previous close of Rs. 1374.20. The total number of shares traded during the day was 73719 in over 4963 trades.

The stock hit an intraday high of Rs. 1439.00 and intraday low of 1371.70. The net turnover during the day was Rs. 104410773.00.

Source : Equity Bulls

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GodrejConsumerProducts INE102D01028 QuarterlyUpdate Q1FY25