Godrej Consumer Expects Mid-Single-Digit Revenue Growth in September Quarter

Godrej Consumer Products Ltd. on Tuesday said it expects its standalone business to post mid-single-digit value growth for the September quarter, supported by low single-digit volume growth. Consolidated revenue in rupee terms is also seen rising in mid-single digits, the company said in an exchange filing.

Profitability, however, is likely to take a short-term hit from the goods and services tax cut implemented during the quarter, which is expected to weigh on consolidated earnings before interest, tax, depreciation, and amortisation, the company said.

In category performance, the home care segment is seen posting high-single-digit value growth, while the personal care portfolio is expected to report a low-single-digit decline, largely due to weak soap sales.

Under its international business, Godrej Consumer said Indonesia continued to face intense competitive pricing, leading to a low-single-digit decline in value growth despite marginal positive underlying growth. In contrast, its other markets — Africa, the US, and West Asia — are expected to record strong double-digit value and volume growth for the third consecutive quarter.