GCPL Q1 sales to dip slightly in FY21, is Godrej not facing COVID-19 crisis?
1Godrej Consumer Products Limited came up with their Quarter 1 FY21 performance update, the results are blooming some positive signs with respect to sales as the company said that Q1 FY21 sales will decline only marginally when compared to Q1 FY20.
On a year on year basis the sales will dip slightly despite the Coronavirus scare and the pandemic lockdown crisis. The domestic growth volume is said to be close to mid-single-digit. Very strong momentum is seen in the hygiene category. HI category will continue with strong underlying consumer demands. The hair color and air freshener sector witnessed a muted demand.
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