Godrej consumer bets on demand revival
mumbai/new delhi, May 8 -- Godrej Consumer Products Ltd (GCPL) is betting on easing food inflation, tax cuts, and upcoming pay commission hikes to revive consumer demand over the next 12 to 18 months, chief executive officer Sudhir Sitapati said on Wednesday.
Despite lingering headwinds in its core soaps business due to a surge in palm oil prices, the company expects demand to pick up as inflation stabilizes and the impact of government welfare schemes kicks in.
For the March quarter, GCPL reported a 6% rise in consolidated volumes and a 6.2% increase in revenue to Rs.3,597.95 crore. But the company's broader strategy hinges on a pivot to emerging categories like pet care, liquid detergents, and deodorants, where it sees higher growth poten...
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