Godrej Consumer - Recovery Evident In Africa Business, Long Way To Go For A Turnaround: Motilal Oswal
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Motilal Oswal Report
After the analyst meet to discuss the domestic business in December 2020, the management of Godrej Consumer Products Ltd. conducted another analyst meet to discuss the progress in its Africa business.
Key highlights from the interaction -
The Africa business has reported a promising rebound, led by macro factors; better Go-to-Market initiatives, leading to better terms for retailers; and getting the price-to-value equation right.
The management admitted that a lot of work still needs to be done. Work on turning around core geographies would be an 18-month process, with others scheduled for the next stage after that.
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