Demand Stable In Key Categories In December Quarter: Godrej Consumer
Godrej Consumer Products Ltd. said demand in key categories remained stable in the quarter ended December.
The consumer goods maker expects its India business to deliver a second consecutive quarter of low double-digit sales growth led by higher than mid-single-digit volume growth, according to its quarterly update.
The company may deliver strong mid-teen growth in the soaps category. In the hair colour category, with the segment to expected to deliver mid-teen growth.
Household insecticides segment is expected to deliver close to high single-digit growth, the company said. “We continue the robust scale-up of our personal and home hygiene category.”
Godrej Consumer expects marginal decline constant currency sales due to challenging macroeconomic variables, a gradual recovery in the air fresheners category and high competitive intensity in the wet wipes category.
Africa, U.S. And Middle East
The company witnessed growth momentum in most of its key countries of operations and expects to deliver high teen constant currency sales growth and a second consecutive quarter of double-digit sales growth.
Business has remained strong in constant currency terms.
The company continues to delivery healthy sales growth.
“At a consolidated level, we continue to leverage our category and geographic portfolio well, and expect to deliver a second consecutive quarter of close to low double-digit sales growth,” the company said.