FMCG Giant Godrej Consumer Products Ltd. (GCPL) announced a mixed performance across the global operations yesterday (July 8). Despite harsh operating conditions in India, the firm’s domestic business showed resilience, achieving high-single-digit organic volume growth and mid-single-digit value growth.

The company proclaimed that the reported growth for India will be in double digits for volume and single digits for value. The requirement of household insecticides was initially lower due to extreme summer conditions all over the country. 

Meanwhile, its subsidiaries Park Avenue & KamaSutra have performed marvelously following portfolio simplification actions and aligning with the organization.

In the GAUM (Godrej Africa, USA, and Middle East ) region, the organic business is supposed to see a double-digit volume decline.

Harsh Pricing decisions in Nigeria and a stoppage of supply due to the shopping crisis further damaged the performance. Nigeria’s currency devaluation hurt INR sales, but GCPL still achieved strong double-digit EBITDA growth in INR terms.

At 3:30 pm, the shares of Godrej Consumer Products closed 1.5% lower at Rs 1,407.05 on BSE.