GCPL expects volume growth to remain higher than mid-single digit in Q3

In India, demand continued to be challenging, impacted by a general consumption slowdown, Godrej Consumer said

Godrej Consumer Products (GCPL) on Monday informed the stock exchanges that it expects volume growth to remain marginally higher than mid-single digit in the local market in the October-December quarter. Despite weak demand in India, it has managed to grow its business, GCPL said.
 

Highlighting the overall challenges it has faced in recent months, GCPL further said, “During the quarter, we witnessed relatively mixed demand across some of our geographies of operations. In India, demand continued to be challenging, impacted by a general consumption slowdown.”
 

However, the uptick in volume growth was led by gradual recovery in the household insecticides