Godrej Consumer Q4 Review - Soft Quarter But Outlook Remains Stable: Yes Securities

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..Yes Securities Report.Godrej Consumer Products Ltd. reported a soft quarter both on growth and margin fronts led by a 7% decline in India‐home care business, continued sluggishness in Indonesia business and sharp margin fall in international business especially in South Africa. Soft growth in its key household insecticide, air freshener and hair care category and 15% constant currency decline in Indonesia business dragged topline despite ~12% price hikes taken by the company. While the Africa margin plunge was exacerbated by a one‐off inventory pilferage, we expect margin to improve on better growth prospects. Godrej Consumer's management indicated that Q1 can see further margin pressures owing to continued inflation in palm and crude prices post February and a pick‐up in advertising and promotion spends, we see margin improvement only from Q3 onwards..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 - Soft Quarter But Outlook Remains Stable: Yes Securities

Godrej Consumer Q4 Review - Soft Quarter But Outlook Remains Stable: Yes Securities

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