Double-digit volumes to drive Q1 growth for Godrej Consumer, Marico

Margins, however, are expected to correct on a YoY basis

The June quarter operational updates by Godrej Consumer Products (GCPL) and Marico point to a strong double digit volume and sales growth for the two companies and for the broader fast moving consumer goods sector.

GCPL highlighted that sales growth in the domestic market would be in the high teens, driven by strong volume growth and calibrated price increases. Within its categories, household insecticides and personal wash led the double digit sales growth as consumer focus on hygiene and a lower base (1 per cent down in Q1FY21) aided the growth. GCPL is expected to outperform its peers in the