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Godrej Consumer Products on Wednesday provided an overall summary of the operating performance and demand trends during the quarter ended 31 March 2021.During the quarter, Godrej Consumer said demand trends in its categories across key countries, remained stable. In India, the FMCG company expects 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. The company also witnessed strong sales growth momentum in each of the months within the quarter.
In Indonesia, Godrej Consumer expects 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.
Apr 08 2021, 2:48 PM
April 08 2021, 11:12 AM
April 08 2021, 2:48 PM
Godrej Consumer Products Ltd. expects to post domestic sales growth of around 30% in the January-March quarter, aided by higher volumes and price increases.âSales 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,â the maker of Good Knight and Hit insect repellants said in its quarterly business .
Godrej Consumer Products Ltd. expects to post domestic sales growth of around 30% in the January-March quarter, aided by higher volumes and price increases.
âSales 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,â the maker of Good Knight and Hit insect repellants said in its quarterly business update released on the stock
Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 362.82 points or 0.73% at 50,024.58. The Nifty 50 index was up 112.25 points or 0.76% at 14,931.30. The Sensex regained the psychological 50,000 mark in early trade.
The S&P BSE Mid-Cap index was up 0.51%. The S&P BSE Small-Cap index was up 0.7%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1573 shares rose and 490 shares fell. A total of 99 shares were unchanged.
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Bharti Airtel rose 1.11%. Bharti Airtel launched Airtel IoT - an integrated platform that enables enterprises to harness the power of Internet of Things (IoT) and be ready for the emerging era of connected things.
Godrej Consumer Products Limited - Quarterly Update: 4QFY21
Posted On: 2021-04-07 04:54:24 (Time Zone: Arizona, USA)
Godrej Consumer Products Limited has provided an update which is an overall summary of the operating performance and demand trends during the quarter ended 31 March, 2021. This will be followed by a detailed performance update, post the approval of the 4QFY21 financial results by the Board of Directors.
During the quarter, demand trends in the categories across the key countries that the company operates in, remained stable.
In India, the company expects 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. The company also witnessed strong sales growth momentum in each of the months within the quarter.