BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Research Report
Godrej Consumer Products Ltd.'s Q1 FY22 results were slightly above our estimates.
India business performance was robust with domestic volume growth of 15% YoY (versus estimate of 12% YoY).
Godrej Consumer mitigated a large part of raw material inflation through operating leverage and cost-efficiency measures.
It has initiated price hikes to offset the impact of raw material inflation in the coming quarter.
Continued strong performance in the Africa business (two-year compound quarterly growth rate of 11%) and recovery signs in the Indonesia business in July were the positive takeaways.
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