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Published on 4/08/2020 5:51:08 PM | Source: Angel Broking Ltd

Quote on 1QFY21 results of Godrej Consumer Products By Rajit Rajoriya, Angel Broking

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Below is the Quote on 1QFY21 results of Godrej Consumer Products Ltd. -By Rajit Rajoriya, Equity Research Associate, Angel Broking Ltd

“Godrej CP reported consolidated sales decline of 1% year-on-year to Rs. 2,327 Cr. in 1Q FY2021. Consolidated EBITDA grew by 3% year-on-year; consolidated EBITDA margins expanded to 20.5%. 1Q FY2021 consolidated net profit  stood at Rs. 300 Cr. after adjusting one-off items of Rs. 95 Cr. Both India and Indonesia business (which contributed to over 76% of overall sales) showed strong resilience and grew by 5% each.  Africa, USA and Middle East sales declined by 23% yoy, on a constant currency basis. Latin America & SAARC sales grew by 23% year-on-year, on a constant currency basis. From a category perspective, Household Insecticides, Hygiene and Value For Money (which contributed to 85% of our overall sales) grew by 9% yoy. Household Insecticides grew by 27% and Hygiene grew by 15%. Going forward we see good demand traction in the Household Insecticides and Hygiene segment with the ongoing product innovations in these segments.”

 

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