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Godrej Consumer Products Ltd. expects volume growth to improve in the coming quarters of 2019-20, Managing Director and Chief Executive Officer Vivek Gambhir said.
Business will grow with the government’s push to get rural growth back on track, and a pick-up in monsoons, he told BloombergQuint in an interaction. This, along with the company’s internal initiatives and new launches, will lift growth, he said.
Acknowledging that India is facing a consumption slowdown, Gambhir said rural stress is its single largest contributing factor. The liquidity crunch is also affecting the market, he said. “Hopefully one more rate cut later in August should enhance liquidity.”
On the consumer goods maker’s international portfolio, Gambhir said the company will have a stronger profit performance starting from the second quarter.
Watch the full interaction here: