Godrej consumer products are moving fast in the market and the result reflects in company’s profit figures. As per the company’s data, Godrej consumer products have registered a 12 per cent (Rs 152 crore) increase in profit in the first quarter ended in June.
The company who has a very wide range of consumer products right from Cinthol soap to GoodKnight mosquito repellent etc., however, saw a stagnant sale in this quarter at Rs 1048 crore. There are many reasons that impacted the sales figures and major among them are stretched summers and delay in monsoon season.
Commenting on the subject, Adi Godrej, Chairman, Godrej Group said that Group is hopeful that the good monsoons in India should lead to a pick-up in rural demand later this year. Company should also see a boost to consumption in India, following the implementation of the Seventh Pay Commission and the passing of the Goods & Services Tax.
While hair colour sales increased by 4 per cent led by high double-digit volume growth in Godrej Expert Rich Creme, household insecticides sales declined 11 per cent and soap sales grew 1 per cent impacted by deflationary pressures.