Godrej Shopper Q2 web revenue rises 4.5% to Rs 479 cr, web gross sales up 9%

FMCG main Godrej Shopper Merchandise Ltd (GCPL) on Thursday reported a 4.55 per cent improve in its consolidated web revenue to Rs 478.89 crore for the second quarter ended September 2021.

The Godrej group firm had posted a web revenue of Rs 458.02 crore within the July-September quarter a 12 months in the past.

Its web gross sales throughout July-September 2021 jumped 8.63 per cent to Rs 3,143.61 crore as in contrast with Rs 2,893.86 crore within the year-ago interval, GCPL mentioned in a BSE submitting.

GCPL’s whole bills stood at Rs 2,579.45 crore, a bounce of 10.97 per cent as in opposition to Rs 2,324.55 crore within the corresponding quarter.

Its Govt Chairperson Nisaba Godrej mentioned, “We noticed regular gross sales progress in residence care and private care classes. Residence care grew 5 per cent and private care continued its sturdy momentum, rising by 10 per cent. The sub-categories inside residence care and private care noticed broad-based progress.”

Its India income jumped 9.46 per cent to Rs 1,838.14 crore in July-September, in opposition to Rs 1,679.19 crore within the corresponding quarter a 12 months in the past.

Within the September 2021 quarter, India gross sales had a quantity progress of 4 per cent, GCPL mentioned in a post-earnings assertion.

Income from the Indonesian market was marginally all the way down to Rs 444.93 crore as in contrast with Rs 445.97 crore within the year-ago interval.

GCPL’s income from Africa (together with Power of Nature) market was up 14.81 per cent at Rs 748.54 crore, in opposition to Rs 652 crore a 12 months in the past.

Income from different markets was down 4.19 per cent to Rs 173.72 crore, in contrast with Rs 181.32 crore a 12 months in the past.

“From a geography perspective, India grew at 10 per cent. Our Africa, USA and Center East enterprise continued its sturdy progress trajectory, rising at 15 per cent in INR and 16 per cent in fixed foreign money phrases.

“Our Indonesian enterprise noticed flat progress in rupees, whereas it declined 2 per cent in fixed foreign money phrases,” she mentioned.

On the outlook, Godrej mentioned that going ahead, GCPL will proceed to focus its efforts the place the demand is in residence care and private care in family pesticides, private wash and hygiene, and hair care.

“We stay centered on increasing our whole addressable market. We now have a strong pipeline of consumer-centric improvements and are constructing full portfolios throughout worth factors.

“To assist this, we’re strengthening our provide chain operations and ramping up new capabilities and channels in digital, e-commerce and chemists,” Godrej mentioned.

Shares of Godrej Shopper Merchandise Ltd on Thursday settled at Rs 952.65 on the BSE, down 2.50 per cent from the earlier shut.

(Solely the headline and film of this report might have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)

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