The FMCG bellwether on Monday reported a 21.2 per cent year-on-year growth in net profit to Rs 1,848 crore for the July-September quarter (Q2) of FY20.
Edelweiss Securities expects Q2FY20 to see the slowest volume growth for consumer goods companies since Q1FY18, which was impacted by GST-related destocking.
The company said that its well-established savings programme and leverage in other expenses helped it to mitigate material inflation and drive margin improvement.
The company is likely to witness 13.6 per cent sales growth mainly led by volume growth of 7- 8per cent on account of supply chain benefits under GST regime.
