In constant currency terms (cc), revenue grew 11 per cent Y-o-Y. The India business clocked nine per cent Y-o-Y revenue growth with volume growth of 8 per cent Y-o-Y.
GCPL has delivered industryleading volume growth in India and it may record double-digit earnings growth over FY24-26. The introduction of access packs, expansion into new categories and increased advertising are elements in the growth story.
GCPL is working to expand the Total Addressable Market (TAM) for India.
But overseas performance was hit by unfavourable currency movement.
Indonesia revenue was up 3 per cent Y-o-Y (11 per cent in constant currency).
The Godrej Africa Middle East and US or GAUM revenue was hurt by Naira devaluation and organic revenue declined 25 per cent (minus 10 per cent in constant currency). GCPL aims to achieve high single-digit volume growth in FY25.
Under its Project Vistaar 2.0, the company looks to double outlets and triple village coverage in India.
Bu hikaye Business Standard dergisinin August 09, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin August 09, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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