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Dolat Capital Report
Godrej Consumer Products Ltd.'s net sales and Ebitda came in line while adjusted profit after tax was below our estimates.
The company has reported a 5% volume growth in the domestic market. 83% of the company's portfolio, related to health, hygiene and value for money, delivered 17% sales growth during the quarter.
Household insecticides category posted a mere 4% growth, was a negative surprise, especially considering 22% growth reported by Jyothy Laboratories Ltd. in the same segment.
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