BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Godrej Consumer Products Ltd.’s net sales and Ebitda came in line while adjusted profit after tax was ahead of our estimates.
The company has reported 3% volume growth in the domestic market. 85% of the company’s portfolio, related to health, hygiene and for money, delivered 9% sales growth during Q1.
Home Insecticides category posted 27% growth, was a positive surprise, especially considering lockdown in the initial phase of the quarter.
Net sales de-grew 0.9% YoY to Rs 23.3 billion. India business posted 5% growth whereas international business posted approximately 9% decrease in rupee terms.
Volume growth stood at 3% driven by strong sales in household insecticide portfolio. Ebitda margin expanded by 90 basis points to 20.3%. A 290/20 basis points increase in rural marketing /employee expense was completely offset by 370/20 basis points decrease in advertisement and promotion spends/other expenses during the quarter.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR