In the last three years, GCPL has been growing about 28 to 29 percent annually, GCPL Managing Director Vivek Gambhir said.
FMGC major Godrej Consumer Products Ltd (GCPL) is looking at a double digit growth this fiscal on the back of uptake in urban demand amid positive sentiments in the market. "The consumer sentiment is up and we all are sensing a stronger optimism... we are hoping that the second half of the year will be much stronger than the first half," GCPL Managing Director Vivek Gambhir told PTI.
In the last three years, GCPL has been growing about 28 to 29 percent annually, Gambhir said. "So, we are very much on our plan as for this aspiration is concerned. It would come from organic growth mixed by the organic business to grow among teens. The remainder of the growth would come from acquisitions," he added. GCPL, whose 70 per cent sales come from urban areas, is expecting an uptake in the segment.
"We are beginning to start seeing a gradual uptake in urban demand and also in the premium segment. Urban would do better than rural sales," he said. Gambhir further said that GCPL's penetration is still low in the rural segment but it will expect higher growth rate in the future as there are enough opportunities in the space.
"What we try and do for the rural market is to innovate formats of packaging in order to make the price point more accessible for rural consumers. This is the customised strategy for the rural market," he added. Over apprehensions of decline in rural sales due to below-average monsoon forecast, Gambhir said monsoon situation has picked up now and threat of El-Nino has been downgraded.
"Last year monsoon was excellent but it did not impact rural sales all that much. And for us the impact is much more direct as it also depends on food inflation. It's still early to say," he said. In FY 2013-14, GCPL had reported a consolidated revenue of Rs 7,602.41 crore.
Godrej Consumer stock price
On August 20, 2014, Godrej Consumer Products closed at Rs 931.55, up Rs 16.70, or 1.83 percent. The 52-week high of the share was Rs 969.70 and the 52-week low was Rs 672.00.
The company's trailing 12-month (TTM) EPS was at Rs 16.99 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 54.83. The latest book value of the company is Rs 88.84 per share. At current value, the price-to-book value of the company is 10.49.
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