Godrej Consumer Sees Demand Rebound Post-Tax Cuts; Eyes Double-Digit Growth

• Godrej Consumer Products (GCPL) reports improved demand conditions in Q3 after temporary disruption from government tax cuts.
• Company expects close to double-digit revenue growth and double-digit core earnings growth for the quarter ended December 31.
• GCPL's Q2 revenue saw a 4% rise, but overall Q2 earnings for Indian consumer goods were hurt by tax-cut disruptions.
• Confidence in gradual consumption improvement due to falling inflation and better affordability from lower GST rates.
• Smaller rival Dabur also noted demand recovery in Q3, expecting mid-single-digit consolidated revenue growth.

Why It Matters: Godrej Consumer anticipates strong recovery and growth driven by improved demand and lower GST rates.