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The Lone FMCG Company Expected To See A Drop In Earnings Per Share In FY20

Godrej Consumer’s EPS is expected to decline close to 28 percent year-on-year in 2019-20.



A visitor uses a slide in the children’s play area at a park. (Photographer: Juho Kuva/Bloomberg)
A visitor uses a slide in the children’s play area at a park. (Photographer: Juho Kuva/Bloomberg)

Godrej Consumer Products Ltd.’s earnings per share may fall the most in at least 13 years in the fiscal ending March 2020.

The measure of profitability of India’s fourth largest consumer goods maker is expected to decline close to 28 percent year-on-year—the biggest drop since at least 2006-07—in FY20, according to data compiled by BloombergQuint.

The Lone FMCG Company Expected To See A Drop In Earnings Per Share In FY20

Not only that, but Godrej Consumer Products may also be the only fast-moving consumer goods company to report a decline in EPS among peers.

Selection Criteria:

  • Indian FMCG companies with a market capitalisation of more than Rs 30,000 crore
Indian FMCG companies with a market capitalisation of more than Rs 30,000 crore.
Indian FMCG companies with a market capitalisation of more than Rs 30,000 crore.

Consumption slowdown, slower recovery in household insecticides segment, high base in the soaps business and challenges in overseas markets may lead to a fall in Godrej Consumer’s EPS in 2019-20, multiple brokerages, including Motilal Oswal, Dolat Capital Pvt. Ltd. and JPMorgan, said in their research reports.

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