Godrej Consumer Products Limited Q4 FY result announcement and CEO succession plan

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Godrej Consumer Products Limited Q4 FY result announcement and CEO succession plan

4Q FY 2021 results – Third consecutive quarter of double-digit sales growth.

FINANCIAL OVERVIEW:


4Q FY 2021 FINANCIAL PERFORMANCE SUMMARY:
 4Q FY 2021 consolidated sales grew by 27% year-on-year.

  • India business sales grew by 35% year-on-year
  • Indonesia sales growth was 5% INR and 4% in constant currency terms, year-on-year
  • Africa, USA and Middle East sales grew by 30% in INR and 36% in constant currency
    terms, year-on-year
  • Latin America & SAARC sales grew by 30% in INR and 54% in constant currency
    terms, year-on-year
     4Q FY 2021 consolidated EBITDA grew by 21% year-on-year
     4Q FY 2021 consolidated net profit grew by 20% year-on-year (without exceptional items
    and one-offs)

Performance Highlights
 4Q FY 2021 India sales grew by 35% to INR 1,466 crore; volume grew by 29%
 FY2021 India sales grew by 14% to INR 6,133 crore; volume grew by 10%
 4Q FY 2021 EBITDA grew by 10% to INR 331 crore
 4Q FY 2021 Net Profit without exceptions and one-off grew by 13% to INR 251 crore.


Category Review

Household Insecticides:

Household Insecticides grew by 34%. We delivered broad-based growth across premium formats (aerosols, electrics and non-mosquito portfolio) and burning formats. Our focus is to drive premiumisation and innovation with the launch of Goodknight Gold Flash, Goodknight Smart Spray and Goodknight Natural Neem products. We have new launches within burning formats planned for the medium term. We will continue to build on our strategic pivots of
taking the category beyond mosquitoes and scaling up our personal repellents range.


Soaps


Soaps delivered a third consecutive quarter of double-digit sales growth of 41%, and we continued to gain market share. We continue to focus on micro-marketing initiatives to fuel growth. Our new launches in Health are scaling up well. We continue to navigate high input costs through calibrated price increases.


Hair Colours


Hair Colours recorded a steady sales growth of 25%, driven by an uptick in overall category growth. Godrej Expert Rich Crème continues to perform well, driven by a strong marketing campaign. Godrej Expert Easy 5 Minute Shampoo Hair Colour is scaling up well.

Godrej Consumer Products Limited (GCPL) today announced changes to its leadership team, effective October 18, 2021. Sudhir Sitapati will join GCPL as Managing Director and Chief Executive Officer. Nisaba Godrej, currently the Chairperson and Managing Director of the company, will continue to serve as Executive Chairperson.

Sudhir’s appointment will enable GCPL to leverage his significant experience in building sustainable and profitable businesses to guide the growth strategy going forward.


Sudhir has spent 22 years at Hindustan Unilever Limited (HUL), where he led teams across categories and functions in India, Europe, South East Asia and Africa to create significant value for the business. He was appointed to the HUL Management Committee as an Executive Director in 2016, making him one of its youngest ever members. Under Sudhir’s leadership, HUL built up its Foods and Refreshments business as one of the largest in India. This included the USD 5 billion merger and integration of GlaxoSmithKline Consumer Healthcare with HUL, the largest deal of its
kind in the FMCG sector in India.


Sudhir is currently the Co-Chair of the CII National Committee of Food Processing and is a past Co-Chair of the FMCG Committee. He has an MBA from the Indian Institute of Management, Ahmedabad and a B.Sc in Math with Economics Honours from St. Xavier’s College, Mumbai.

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