Godrej Consumer Products Q4 FY24: High Single Digit Organic Volume Growth in India, Indonesia and GAUM

Godrej Consumer Products Ltd. has released a quarterly update for Q4 FY24. The Indian business reported high-single digit underlying volume growth, with broad-based growth in Home Care and Personal Care. The GoodKnight Agarbatti launch was successful. Demand in Household Insecticides was affected by an extended winter. Indonesia's business delivered strong double-digit volume and sales growth, but sales in INR terms will see a decline due to Naira devaluation. The GAUM organic business reported high single-digit volume growth and double-digit constant currency sales growth. The transaction for the East Africa re-organisation was largely completed. The impact on revenue is expected to be around 70 crores in Q4, with potential charges from impairment testing of GAUM CGU and other one-time accounting assessments. The re-organisation is likely to be positive on cash flows.