Godrej Consumer Q3 Results: South India Sales Offset Poor Show in North and West

1/30/2020 Godrej Consumer Q3 results: South India sales offset poor show in North and West

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Home BIZ WRAP Corporate Story Enter search keyword Godrej Consumer Q3 results: South India sales offset poor show in North and West Godrej Consumer Products has been facing a slowdown in North and West India for the past 5-6 quarters, and hopes that the market has finally bottomed out Nevin John Last Updated: January 30, 2020 | 00:02 IST

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Enter Your Name MORE FROM THE AUTHOR Godrej Consumer Products (GCPL), which posted just one per cent rise in India sales at Rs 1,492 crore, faces rough weather in Enter Your Email Northern and Western states while its newly launched

shampoo hair colour and household insecticide found traction India in the South. The two-year compounded annual growth rate Adani, Patanjali and I agree to receive newsletters and Emami to gain from (CAGR) of the sales stood at 4 per cent because of the marketing communications from restrictions on slowdown in the upper parts of the country. BusinessToday via E- mail* Malaysian palm oil A company official said in a conference call that GCPL has been SUBSCRIBE witnessing a slowdown in the North and West regions of India BUSINESS TODAY for the past 5-6 quarters. "We hope that the worst is behind us and the market has bottomed out. We have started seeing Cost optimisation of large customers hurts improvements in growth in the rural markets compared to the TCS amid at prot growth in Q3 urban ones. In the last quarter, the rural market has grown 3 per cent more than the urban," he said.

The third quarter volumes in India have increased by 7 per cent Future of Work for GCPL. However, the adjusted earning before interest, tax, This Issue | All Issues depreciation and amoratisation (EBITDA) was flat at Rs 432 SUBSCRIBE NOW crore. The net profit without exceptions and one off items increased by 2 per cent to Rs 338 crore, said the company. Available on :

ALSO READ:Godrej Consumer Q3 profit rises 5% to Rs 445 crore, sales see marginal growth

https://www.businesstoday.in/current/corporate/godrej-consumer-q3-results-south-india-sales-offset-poor-show-in-north-and-west/story/394935.html 1/5 1/30/2020 Godrej Consumer Q3 results: South India sales offset poor show in North and West The company's household insecticides segment continued its recovery and posted a 3 per cent value growth. The initial response to the recently launched Goodknight Gold Flash Liquid Vapouriser in South India has been encouraging, and we LATEST MUST READ TECH NEWS

plan to scale it nationally in this quarter, the company said. Lower losses from Mundra facility help Tata Power post 12% higher prot after tax

Biz EOD: Govt eases winding-up rules; Cipla ready to combat coronavirus; Godrej Consumer Q3 prot grows

Social media rms may be asked to maintain "We will continue to have a strong new product development database of active mobile number of users pipeline to help strengthen the portfolio going forward and drive growth in the near future," GCPL said. Submit fresh report on compliance of plastic rules The discounts and consumer offers resulted in a four per cent by Flipkart, Amazon: NGT dip in sales of soaps for Godrej Consumer Products. "We tells CPCB

continue to gain market shares driven by effective micro- Budget 2020: Bharatiya marketing initiatives and impactful consumer offers," it said. Janata Party recommends tax tweaks to attract The hair colours segment has delivered a soft performance on foreign investors the back of general slowdown because of its discretionary MORE nature, besides the consumers stretching their consumption.

The company has maintained its market share in the category You May Like Promoted Links in the third quarter. Another product which performed well in Term Life Insurance - 1 Cr South India is Godrej Expert Easy 5-minute Shampoo Hair Life Cover @ 490/month*. Story in Colour. The company has scaled it up nationally. Get Free Quote! Audio Policybazaar.com ALSO READ:Lower losses from Mundra facility help Tata Power post 12% higher profit after tax Infosys co-Founder Narayana Murthy recalls For the economy waiting for a consumption-driven boost, the incident that made him a Budget 2020 will be crucial. The fast-moving consumer goods (FMCG) industry expects that the Budget will improve ease of The Best 2020 Travel Deal living, boosting disposable incomes. Measures like Is Waiting For You! InterMiles - Rewards Programme smoothening of labour laws, improved sanitation, investment in agricultural infrastructure and water security are long-term Dabangg 3 Box Office in nature and will have a long-term impact on improving rural Collection Day 17: Salman incomes. Khan's film likely to go off the silver screen soon FMCG companies have been underperforming for a year now owing to a slump in rural demand, which is finally exhibiting Mitsubishi Electric is Working Towards Creating early signs of revival. Motilal Oswal said in a report that higher a Better Tomorrow inflation would translate into higher wages for farmers, while Mitsubishi the lowering of farm input cost increase their margins. An Panga Box Office increase in rural spending by the central government and Collection Day 5: Kangana expected high yield in the rabi season are expected to support Ranaut's film crashes; the rural consumption, the report said. earns around Rs 18 crore by Taboola "With few definite signs of improvement in the economy in the myopic future, we do not expect much improvement in Indian FMCG sector until Q3 FY21," a CARE Ratings report recently said. While categories such as dairy and consumer goods are under pressure, the personal care category is expected to bear most of the brunt of a demand slowdown and its revival is

https://www.businesstoday.in/current/corporate/godrej-consumer-q3-results-south-india-sales-offset-poor-show-in-north-and-west/story/394935.html 2/5 1/30/2020 Godrej Consumer Q3 results: South India sales offset poor show in North and West expected at least after the next six to seven months, the report added.

ALSO READ:Slowdown blues: FMCG growth in 2019 contracts to 3-year low

The Rs 4-lakh crore FMCG sector will close fiscal 2020 with a 9 per cent growth, down 4 percentage points and a jump in rural buying will lift the same to 11 per cent in fiscal 2021, CRISIL Ratings said in a report. The recovery in growth for the FMCG sector will begin playing out from March-April 2020 riding on a jump in farm incomes, it said.

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