Recovery in global operations key re-rating trigger for Godrej Consumer

The company is eyeing a double digit revenue growth and 17%-18% margins in key markets such as Africa

The Godrej Consumer stock was up 4.3 per cent on Friday, leading to expectations of steady growth in the Indian market and improvement in the operating performance of its African unit.

In the Indian market, which accounts for over half its revenues, the company expects to maintain double-digit growth on the back of strong demand in rural markets and recovery in urban areas. 

The soaps category, which reported 15 per cent growth in the December quarter, is expe­cted to rack up similar rates in the March quarter on a weak base, increased consumption, and hygiene awareness.

This is aiding sales in the handwash