New product launches, margins to drive gains for Godrej Consumer Products
Business Standard|May 09, 2024
Godrej Consumer Products (GCPL) reported 6 per cent yearon-year (Y-o-Y) consolidated net revenue growth in Q4FY24 to 3,385 crore and this was impacted adversely by currency movement.
DEVANGSHU DATTA

The constant currency (CC) growth would have been 30 per cent Y-o-Y in Q4FY24. India business clocked 12 per cent Y-o-Y revenue growth (5 per cent of it organic) with volume growth of 15 per cent Y-o-Y (7 per cent organic).

In the domestic business, home care and personal care segments registered 6 per cent and 4 per cent Y-o-Y growth, respectively. The household insecticides or HI (Hit, Good Knight) category was subdued.

Personal wash clocked high single-digit volume growth, sustaining market share gains.

GCPL gained market share across soaps, hair colour, air fresheners and HI in Indonesia.

Hair colour volume growth was in double digits. RCCL (Erstwhile Raymonds Consumer Care which GCPL acquired for 2,825 crore in April '23) clocked 22 per cent Yo-Y growth.

The international business was hit by adverse forex swings.

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