Motilal Oswal: Godrej Consumer Products Q2 Review - Household Insecticide Sales Disappoint

Motilal Oswal: Godrej Consumer Products Q2 Review - Household Insecticide Sales Disappoint

Good Knight brand by Godrej Consumer Products Ltd. (image: Company website)

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Motilal Oswal Report

Godrej Consumer Products Ltd.’s Q2 FY21 results were largely in line, despite weaker-than-expected household insecticide sales due to regional lockdown in Guwahati, which affected the company’s manufacturing operations.

Price increases taken in soaps due to inflation in palm oil prices should alleviate some of the pressure on overall gross margin.

The single-digit earning per share trajectory over the past five years is not expected to change materially over the next few years.

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Motilal Oswal Godrej Consumer Products Q2FY21 Result Update.pdf
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