THE WHAT? India’s Godrej Consumer Products has estimated a double digit Q4 sales growth, according to a report by Reuters.
THE DETAILS The Indian arm contributed 55 percent of overall revenue in Q4 and is said to have ‘exceeded’ expectations, with Indonesian sales recovering gradually and African and U.S. growth slowing.
The last time Godrej reported double digit growth was the quarter ending June 2021.
THE WHY? The predicted sales rise has been put down to strong demand for personal care and home products, with Indian consumer goods companies reaping the benefits of easing commodity costs.
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