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Dolat Capital Report
Godrej Consumer Products Ltd.’s revenues were in line with our estimates but Ebitda and adjusted profit after tax was ahead.
The company reported 4% volume growth driven by strong performance across personal care category.
Godrej Consumer has reported 10% revenue compound annual growth rate over Q2 FY20-22.
Home care segment reported 7% sales growth driven by double digit growth in home fabric care and air fresheners.
Personal wash and hygiene business reported double digit growth with double digit growth two-year CAGR.
However, mere single digit sales growth in HI category, which was impacted due to excessive rains in August-September 2021; and 2% decline in Indonesia was a disappointment.
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