Godrej Consumer Products Management Meet Update - Multiple Growth Levers At Play: Dolat Capital
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Dolat Capital Report
We interacted with the management of Godrej Consumer Products Ltd. and the key highlights from the management meet are as follows:
The overall demand trend is in line with Q2 FY22, with personal wash performing comparatively better. Haircare and air fresheners posting a better than expected recovery given out of home consumption has shown promising recovery.
Personal care segment is also showing tremendous growth with soap’s seeing healthy demand revival.
In the current quarter Godrej Consumer Products has taken price increases in the ballpark range of 'mid to high teens' in the soap segment. They have also taken price hikes in other segments in 'mid-single digit' range.
Penetration within its hand wash portfolio has increased from 19% to 34% in the last 18 months.
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