Margin gains ahead for Godrej Consumer Products on strong sales

The quarterly update indicates strong sales momentum across geographies

Godrej Consumer Products posted better-than-expected December quarter numbers.

In a pre-quarter sales update, the company said that it expects to deliver a consolidated sales growth in mid-teens in constant currency terms and around double-digit growth in rupee terms with flattish volumes.

The performance is better on a sequential basis given the mid-to-high single-digit sales growth and the mid-single digit volume decline in the previous quarters.

While the company was cautious on the macro environment in India, citing poor rural consumption and a muted demand post the festive season, it was able to beat the slowdown blues.

It delivered double-digit sales