This is thrice that of the Nifty FMCG, its peer index.
Brokerages expect the company, which has delivered sales growth over the last nine months (9MCY23) of 22 per cent, to maintain its momentum led by higher distribution reach, new launches and international expansion.
The company's revenue growth was led by robust volume growth of 15.4 per cent year-on-year (Y-o-Y) at 220 million cases and improved realisations, which edged up by 5 per cent to 176 a case.
While volume growth was driven by India (14.8 per cent Y-O-Y) and international markets (17.5 per cent), realisation growth was driven by international markets.
This story is from the December 19, 2023 edition of Business Standard.
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This story is from the December 19, 2023 edition of Business Standard.
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