Godrej Consumer Expects India Sales To Grow About 30% In Q4

Godrej Consumer Products Ltd. expects to post domestic sales growth of around 30% in the January-March quarter, aided by higher volumes and price increases.

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Category Consolidation

From the first quarter of FY22, the company has decided to consolidate its current and future categories into home care and personal care segments for its India business.

• Household insecticides, air fresheners, fabric care and home hygiene will form the home care business.
• Soap, handwash, body wash, hair colours, along with premium beauty and professional products, will form the personal care category.

Shares of Godrej Consumer Products fell as much as 1% to Rs 732.65 apiece before paring losses. Of the 37 analysts tracking the company, 26 have a ‘buy’ rating and the remaining 11 suggest a ‘hold’, according to Bloomberg data. The average of the 12-month consensus data price target implies an upside of 10.1%.