Godrej Consumer Products - Performance Trending Ahead Of Expectations; Promising Outlook: Motilal Oswal
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Motilal Oswal Report
Even before the new Chief Executive OFficer has taken over, likely in October 2021, Godrej Consumer Products Ltd. has been performing consistently well in various large categories over the past year.
As highlighted in our Q1 FY22 results note, Godrej Consumer Products' both key domestic categories of household insecticides and soaps posted a double-digit two-year compound annual growth rate during the quarter.
The sales momentum is also leading to increased asset turns.
Consequently, return on capital employed seems poised to cross 20% levels for the first time in a decade, after languishing in the mid-teens for most of this period.
The outlook remains promising, with the possibility of significant improvements.
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