In India, consumer demand trends remained steady through the quarter, with FMCG sector expected to witness gradual recovery in growth rates. The company said that the performance of its India business has exceeded expectations especially on the volume front.

Godrej Consumer stated that its domestic branded business growth was very strong registering volume and value growth in teens. This is in line with its strategy of volume driven category development. Overall, the growth was broad based and led by double-digit volume and value growth in both Home Care and Personal Care.

Indonesia business has started to see gradual recovery in performance with mid-single digit constant currency sales growth. The growth ex-hygiene is close to double digits. The company believes that building blocks in Indonesia are in place to drive steady-to-strong performance in the next fiscal year.

Godrej Africa, USA, and Middle East (GAUM) witnessed a temporary pause in its strong double-digit sales growth momentum, clocking higher than mid-single digit sales growth in constant currency terms. This was due to elections and the impact of demonetisation in Nigeria. However, the firm has seen a strong sales recovery in March.

At a consolidated level, Godrej Consumer Products expects to deliver double-digit growth in Rs terms led by mid-single digit volume growth. The growth trends continue to improve sequentially.

The company said that the quality of its profits should see improvement, led by gross margin recovery and continued marketing investments translating to strong double-digit EBITDA growth.

Godrej Consumer Products is an Indian consumer goods company. The company's products include soap, hair colorants, toiletries and liquid detergents.

The company's consolidated net profit rose 3.55% to Rs 546.34 crore despite of 8.98% rise in revenue from operations to Rs 3,567.72 crore in Q3 FY23 over Q3 FY22.

Shares of Godrej Consumer Products declined 0.50% to Rs 959.75 on the BSE.