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Hot Pursuit News

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(09 Jul 2024, 11:18)

Godrej Consumer reports high-single digit volume growth in Q1 FY25

Godrej Consumer Products said that despite the operating conditions in India continuing to remain soft in the quarter its 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.

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 Rs 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 s...

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