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Godrej Consumer Q2 results preview: Stable margins, profit growth likely

Godrej Consumer Products will report its second-quarter earnings later in the day and the street is expecting stability in margins, with a net profit growth of about 12 percent.

By Mangalam Maloo Nov 2, 2018 9:22:38 AM IST (Published)

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Godrej Consumer Products will report its second-quarter earnings later in the day and the street is expecting stability in margins, with a net profit growth of about 12 percent.

Here's what one needs to watch out for:

The stock of Godrej Consumer Products has corrected a fair bit from the top, so still trades at about 30 times two year forward earnings.

Important to watch out for the India business. This is one of those FMCG companies where half of the revenue comes from India and the other half comes from international markets. The total income on a consolidated basis seen at around 8.5 percent growth – Rs 2700 crore odd on the topline is expected, EBITDA growth of about 8 percent that means the margins are more or less likely to be stable. A net profit growth of 11.5 percent, a number of Rs 405 crore is on the cards.

The India domestic volume growth is seen anywhere between zero to 5 percent – that is what majority of the street is expecting, there is a fair amount of divergence out the.

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