GCPL Reports Mixed Performance Amid Variable Market Conditions
Godrej Consumer Products Ltd (GCPL) reported mixed performance for the June quarter. While domestic business saw growth, international markets like West Africa faced challenges. Home and Personal Care segments contributed to growth, but high heatwaves affected insecticide demand. Supply issues in South Africa and currency depreciation in Indonesia impacted overall results.

- Country:
- India
Godrej Consumer Products Ltd (GCPL) has reported a mixed performance for the June quarter, with its domestic business showing resilience but international markets facing challenges. The company saw high-single-digit organic volume and mid-single-digit value growth in its domestic operations.
In particular, GCPL's Home Care and Personal Care segments showed broad-based growth. However, the consolidated figures indicate flattish INR sales, double-digit constant currency sales growth, and double-digit EBITDA growth, primarily hindered by a double-digit volume decline in the Godrej Africa, USA, and Middle East (GAUM) segment, led by West Africa.
The domestic market's Household Insecticides demand was subdued due to extreme heatwaves, though brands like Park Avenue and KamaSutra performed well. In Indonesia, despite robust performance and high volume growth, currency depreciation dampened returns. GCPL attributed some of the challenges to supply disruptions in South Africa and currency issues in Nigeria, and further detailed updates are expected post-approval of the Q1 FY25 financial results by the Board of Directors.
(With inputs from agencies.)