Q1FY21 performance of Godrej Consumers Product Limited; growth expected to be in mid-single-digit
7Godrej Consumers Product Limited released its Q1FY21 performance update. The Company expects, at a consolidated level and in INR terms, to deliver revenues only marginally lower than Q1FY20, which is encouraging despite the quarter being temporarily hit by lockdown and social distancing norms across its key markets impacting the company’s supply chain. The volume growth is expected to be in mid-single-digit driven by encouraging sales. The company saw strong growth in the HI category & hygiene category led by strong demand. However, Hair colour and Air Fresher category growth were muted on account of the lockdown.
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