Godrej Consumer Q4 Review - Renewed Thrust On Category Development: IDBI Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.Godrej Consumer Products Ltd. result was above our estimates. Revenue growth was entirely driven by price hikes (~12%) as volume declined 3% for India business. Personal care business continues to dominate overall revenue performance at 20%YoY (for fourth consecutive quarter) while home care performance has been soft (down 2%YoY). Positively; Godrej Consumer gained 50 basis points/ 130 bps/60 bps market share in household insecticide/Aer/soap. South Africa continues to outperform while Indonesia is expected to improve from Q3 FY23. Renewed thrust on category development by driving relevance /access/sampling is promising. Input cost inflation continued to put pressure on margins (nineth consecutive quarter decline in gross margins)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Godrej Consumer Q4 Review - Renewed Thrust On Category Development: IDBI Capital

Godrej Consumer Q4 Review - Renewed Thrust On Category Development: IDBI Capital

Choose a plan