Godrej Consumer Products Limited CC-Jun25.pdf · 2025-08-07
Yes. Thanks. My first question is on the India HI. Most of the sub-segments of the India HI seem to have grown in double digits. If you could clarify how much is the decline in coils and would you see that as a structural issue? And it's a good long -term issue to have given the premium products can grow faster, differentiated products can grow faster. And second is Q2, obviously, currently the expectation is the monsoon is going to be high. Till now, it is high only. So generally, when the monsoon is high, the mosquito larva gets flooded away, which is not a good development from a HI construct. So would you be a bit cautious on the Q2 demand based on this premise? Obviously, it's too early to comment on the quarter from an overall projection perspective. But from a monsoon perspective, would you say that that's not a supportive premise?
Sure. That is absolutely reasonable. In terms of the new formula, now it has been a few quarters. How is the competition responding? Because India is all about jugaad, reverse engineering. And even if reverse engineering doesn't give the same product, Indian companies are very happy to copy the messaging. So if you could comment on the competitive landscape from a new formula perspective, how things have changed?