Operating conditions in India remain subdued in Q4 FY24: GCPL
The Free Press Journal|April 06, 2024
Godrej Consumer Products Ltd on Friday said operating conditions in India continue to remain subdued in the fourth quarter of FY24 but its business continued to deliver strong underlying volume growth at high single digit with broad-based growth.
Operating conditions in India remain subdued in Q4 FY24: GCPL

In its quarterly update for Q4 FY24, the company said at a consolidated level (organic), it expects to deliver underlying volume growth of "high single digit and sales growth of midsingle digit driven largely by currency volatility". "Operating conditions in India continue to remain subdued. Our India organic business continued to deliver strong underlying volume growth at high-single-digit with growth being broad-based across both home care and personal care," Godrej Consumer Products Ltd (GCPL) said.

While demand in household insecticides has been subdued due to an extended winter in the North and East, GoodKnight Agarbatti launch was well received by consumers, it said, adding that "Park Avenue and KamaSutra brands delivered in-line with category seasonality. Reported underlying volume growth continues to be in double-digit".

This story is from the April 06, 2024 edition of The Free Press Journal.

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This story is from the April 06, 2024 edition of The Free Press Journal.

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