GCPL expects consolidated revenue to be in double digits in Oct-Dec

Godrej Consumer Products expects double-digit consolidated revenue and EBITDA growth in the October-December quarter, led by strong home care demand and improving consumption trends

Godrej Consumer Products Ltd (GCPL) expects to post close to double-digit volume growth in the October–December quarter, and its revenue growth is expected to be in double digits for its India business, the company said in its pre-quarterly update.

 

At the consolidated level, the company expects close to double-digit revenue growth in rupee terms and double-digit EBITDA (earnings before interest, tax, depreciation and amortisation) growth, which it said reflects the strength of its category development-led growth strategy and improving trends across its international businesses.

 

“Our standalone business is well positioned to deliver double-digit revenue growth for the quarter, underpinned by close to double-digit underlying volume growth (UVG), albeit on a supportive comparator,” GCPL said in its update.

 

 

It added: “This outperformance continues to be driven by the home care segment, where momentum remains robust and we expect to deliver double-digit value growth, supported by sustained consumer demand and effective in-market execution.”

 

The FMCG major also said that demand conditions in India strengthened progressively during the quarter. “We remain confident of a gradual improvement in consumption over the coming quarters, supported by falling inflation and improving affordability following lower GST rates,” it added.