Growth pick-up under new mgt key for further gains in Godrej Consumer

Near term margins likely to be under pressure

Godrej Consumer (GCPL) was among the FMCG companies that suffered from the palm oil export ban and it should equally be a beneficiary in Q2 of the resumption of Indonesian exports. Given the new management, there could be a new thrust towards growth although FY 2022-23 will certainly be affected by weak demand and high raw material costs.

Consolidated net sales grew 6.8 per cent YoY to Rs 2,920 crore, while EBITDA and adjusted net profit fell 9 per cent and 5.9 per cent respectively YoY to Rs 520 crore and Rs 400 crore. Domestic revenue was up by 9