Godrej Consumer Products Results Earnings Call for Q3FY24
Conference Call with Godrej Consumer Products Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.31-01-2024
31-01-2024
Q3FY24 Quarterly Result Announced for Godrej Consumer Products Ltd.
Personal Products company Godrej Consumer Products announced Q3FY24 results: Sales grew by 9% to Rs 2,160 crore; volume grew by 12% EBITDA grew by 18% to Rs 641 crore Consolidated volume grew at 8%, sales grew by 2% in INR terms impacted by devaluation, constant currency growth of 19% year-on-year India business volume grew by 12%, sales grew by 9% year-on-year Indonesia volume grew by 9%, sales grew by 8% in INR terms and 7% in constant currency terms, year-on-year Africa, USA, and Middle East sales declined by 8% in INR terms and grew by 14% in constant currency terms, year-on-year Latin America and SAARC sales declined by 45% in INR terms and grew by 181% in constant currency terms, year-on-year Commenting on the business performance of Q3FY24, Sudhir Sitapati, Managing Director, and CEO, GCPL, said: We continue to deliver steady performance in Q3FY24 despite challenging market conditions. Our Consolidated volumes grew by 8%, led by the India business growing volumes at 12% and Indonesia growing volumes at 9%. Our Consolidated revenue growth was significantly impacted by the devaluation of the Naira and the Argentine Peso with sales growing at 2% in INR terms and 19% in constant currency terms. Our quality of profit continues to improve consistently on the back of superior growth in higher-margin countries and categories. Our reported Consolidated gross margin improved sharply by 470 bps year-on-year and 100 bps quarter-on-quarter. Our EBITDA margin, too, improved by 280 bps year-on-year despite continued media investments, which increased by 32% year-on-year. We continue to remain focused on driving volume-led growth along with healthy investments in our brands and improvement in profitability. We have launched two new products in the Indian market. (1) Godrej Fab Liquid Detergent, at a category-defining price of 99 per litre. (2) We have entered the ~ Rs 1,200 crore market of the Anti-Mosquito Incense Sticks segment that is dominated by illegal players. Goodknight Agarbatti is India's only government-registered active-based anti-mosquito Agarbatti with our new and exclusive molecule RNF (~2x more effective than other molecules used in India). We continue to have a strong balance sheet. We are on track in our journey to reduce wasted costs and are deploying this to drive profitable and sustainable volume growth across our portfolio through category development. We continue to have a strong balance sheet. We are on track in our journey to reduce wasted cost and are deploying this to drive profitable and sustainable volume growth across our portfolio through category development." Result PDF31-01-2024
GODREJ CONSUMER PRODUCTS LTD. - 532424 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
The attached file is self-explanatory31-01-2024
GODREJ CONSUMER PRODUCTS LTD. - 532424 - Announcement under Regulation 30 (LODR)-Investor Presentation
The attached file is self-explanatory31-01-2024
GODREJ CONSUMER PRODUCTS LTD. - 532424 - Announcement Under Regulation 30 - Re-Appointment Of Mr. Sumeet Narang, Independent Director
The attached file is self-explanatory.31-01-2024
GODREJ CONSUMER PRODUCTS LTD. - 532424 - Results- Financial Results For The Quarter Ended December 2023
The attached file is self-explanatory.31-01-2024
GODREJ CONSUMER PRODUCTS LTD. - 532424 - Board Meeting Outcome for Board Meeting Outcome For Outcome Of Board Meeting - January 31, 2024
At the meeting of the Board of Directors of the Company held today, the Board has: 1) taken on record the unaudited financial results (Standalone & Consolidated) for the quarter ended December 31, 2023. The said results have been subjected to limited review by the Statutory Auditors. The results and Limited Review Report is also enclosed herewith. 2) approved the proposal for reappointment of Mr. Sumeet Narang (DIN: 01874599) as an Independent Director of the Company for a second term of five years from April 1, 2024 to March 31, 2029, in accordance with the requirements of the Companies Act, 2013, subject to the approval of shareholders. The Exchanges are also informed that the Board meeting commenced at 3:15 p.m. and meeting ended by 4:20 p.m. This communication is in compliance with the Listing Regulations and other provisions as applicable.31-01-2024
GODREJ CONSUMER PRODUCTS LTD. - 532424 - Announcement under Regulation 30 (LODR)-Resignation of Director
The attached file is self explanatory.23-01-2024
GODREJ CONSUMER PRODUCTS LTD. - 532424 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
The Document attached is self explanatory.23-01-2024
Godrej Consumer Products says Argentine Peso devaluation to have negative mid-single digit impact on sales
Godrej Consumer Products said the profitability of the Latin America and SAARC business has been flat in 1HFY24. Hence, the overall impact of devaluation on profitability remains minimal.12-01-2024