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GCPL’s investors are awaiting a decent recovery in earnings

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Godrej Consumer Products Ltd (GCPL) met analysts to give an update on its India business. The company’s CEO, India and Saarc, Sunil Kataria highlighted category trends post covid-19.Since the pandemic began, there has been a substantial improvement in handwash penetration in the country.

Handwash penetration has increased to 34% from 19% in the past 8-9 months, GCPL said. If it weren’t for covid-19, this growth would have taken a few years.These trends augur well for GCPL’s handwash business, especially as most of the recent penetration gains are expected to be retained.

Further, GCPL’s soaps business, which has accounted for about 33% of domestic sales in FY20, is expected to perform well too.

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Active covid cases in India drop to near 3.5 lakh after 30,695 recoveries in last 24 hours
Also read: Why your health plan premium is suddenly spikingWith 336 new deaths reported in the last 24 hours, the toll has mounted to 1,43,355. The total number of active cases in India is 3,52,586.A total of 15,45,66,990 samples have been tested for covid-19 up to 13th December.
India death
COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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