The company said that in India, overall consumer demand remained steady as seen in the previous few quarters. Its organic business continued to deliver robust performance with double-digit volume growth. This is in line with the firm's strategy of volume driven category development.
The performance was broad based with double-digit volume growth in Home Care and higher than mid-single digit volume growth in Personal Care. Sales growth was marginally higher than mid-single digit as we passed on the benefits of lower input costs to our consumers. Sales growth (including inorganic) to be in high-single digits, it added.
Indonesia business delivered steady performance on the back of structural changes implemented last year. The firm stated that the constant currency sales is expected to grow in mid-teens.
Godrej Africa, USA, and Middle East (GAUM) continued to deliver consistent performance with constant currency sales growth in mid-teens. However, in Rs terms, there was an adverse currency translation impact resulting in high-single digit sales growth, said the company.
At a consolidated level (organic), the FMCG company expects to deliver high-single digit volume growth, teens growth in constant currency terms translating to close to double-digit sales growth in Rs terms. Sales growth (including inorganic) to be in double digits. The company's quality of profits has seen sustained improvement, led by robust gross margin expansion and ongoing category development investments. This should translate to strong EBITDA growth.
Further, the company sated that it expect to have an exceptional stamp duty expense on slump sale transaction of Park Avenue and KamaSutra brand acquisition.
Godrej Consumer Products (GCPL) is part of the Godrej Group of companies. Currently, GCPL's standalone business includes household insecticide (HI), toilet soaps, hair colourants, air fresheners, toiletries, and liquid detergents. Over the past decade, GCPL has undertaken several overseas acquisitions to build its presence in key emerging markets outside India, with the focus on Asia, Africa, the US and Latin America in the product categories of personal wash, hair care and home care.
The company's net profit jumped 24.5% to Rs 452.14 crore on 9.6% rise in net sales to Rs 3,172.21 crore in Q4 FY23 over Q4 FY22.
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