Godrej Consumer Products Limited (GCPL) shares surged over 5% after company showed promising growth possibilities both in India and in other countries.
The company performed well in various markets, particularly in Indonesia and the Godrej Africa, USA, and Middle East (GAUM) regions.
Indonesia, an important market for GCPL, continues to show strong performance. This is driving significant growth for the company. Similarly, the GAUM region saw high single-digit volume growth and double-digit sales growth in constant currency. This reflects the company’s expanding presence and success in different markets.
Key highlights contributing to GCPL’s positive outlook include:
– Consolidated (organic) sales growth in the mid-single digits and high single-digit volume growth.
– Continued expansion of margins year-on-year despite increased media investments.
– Strong performance of the India organic business with high-single-digit volume growth.
– Double-digit underlying volume growth, including brands like Park Avenue and KamaSutra.
– Positive consumer reception for the launch of GoodKnight Agarbatti.
– Double-digit volume and sales growth reported in Indonesia.
– Expected double-digit decline in the Africa business due to Naira depreciation.
– Anticipated double-digit reported volume growth.
As of 9:55 am the shares were trading 5.06% higher on NSE at ₹1,271.30
