THE WHAT? Godrej has revealed that it is expecting to report sales growth in the double digits for the first quarter of the current financial year, according to a report published by Reuters. The Indian FMCG manufacturer said that demand was strong in the three months to June 30, 2023.
THE DETAILS Godrej’s home care division was the star performer with sales by volume up in the double digits, while the manufacturer of Cinthol’s personal care unit saw high single digit volume growth.
THE WHY? The company said in a statement, per Reuters, “In India, overall consumer demand remained steady as seen in the previous few quarters.”