Conference Call with Godrej Consumer Products Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
Highlights: Q2 FY22 consolidated sales grew by 9% YoY India business sales grew by 10% YoY Indonesia sales growth was 0% INR and declined by 2% in constant currency terms, YoY Africa, USA and Middle East sales grew by 15% in INR and 16% in constant currency terms, YoY Latin America & SAARC sales declined by 3% in INR and grew by 11% in constant currency terms, YoY Q2 FY22 consolidated EBITDA declined by 1% YoY Q2 FY22 consolidated net profit grew by 5% YoY (without exceptional items and one offs) Commenting on the business performance of 2Q FY 2022, Nisaba Godrej, Executive Chairperson, GCPL, said: We have delivered steady sales growth. Consolidated sales grew by 9% and EBITDA declined by 1%. We continued our growth momentum and delivered another quarter of double-digit 2-year CAGR of 10%. We saw steady sales growth in the Home Care and Personal Care categories. Home Care grew by 5% and Personal Care continued its strong momentum, growing by 10%. The sub-categories within Home Care and Personal Care saw broad based growth. From a geography perspective, India grew at 10%. Our Africa, USA and Middle East business continued its robust growth trajectory, growing at 15% in INR and 16% in constant currency terms. Our Indonesian business saw flat growth in INR while it declined by 2% in constant currency terms. Going forward, we will continue to focus our efforts where the demand is in Home Care and Personal Care - in Household Insecticides, Personal Wash & Hygiene, and Hair Care. We remain focused on expanding our Total Addressable Market. We have a robust pipeline of consumer-centric innovations and are building out full portfolios across price points. To support this, we are strengthening our supply chain operations and ramping up new capabilities and channels in digital, e-commerce and chemists. We remain confident of leveraging growth opportunities to drive sustainable sales growth across our portfolio in fiscal year 2022. I am very excited that Sudhir Sitapati has taken over as Managing Director and Chief Executive Officer of GCPL and I look forward to the leadership and growth he will bring along with our wonderful GCPL team. We continue to do our best to truly live The Godrej Way and serve our people and communities." Result PDF
Conference Call with Godrej Consumer Products Management and Analysts on Updates on the Indonesia Business. Listen to the full transcript.