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Godrej Consumer
Leading FMCG companies reported a decline in margins in the September quarter on account of higher input costs and food inflation, which ultimately slowed down the pace of urban consumption. Rising prices of commodity inputs such as palm oil, coffee and cocoa were also accentuated and some FMCG firms have hinted at a price hike. HUL, Godrej Consumer Products Ltd (GCPL), Marico, ITC, and Tata Consumer Products Ltd (TCPL) have expressed concerns over squeezing urban consumption, which according to industry experts forms 65-68 per cent of FMCG total sales. "We think this is a short-term hit and we will recover the margins through judicious price increase and stabilising of costs," said GCPL Managing Director and CEO Sudhir Sitapati in a Q2 earning statement. GCPL, makers of Cinthol, Godrej No 1, HIT had a steady quarter given the headwinds of oil costs and tough consumer demand in India and its standalone EBITDA margin was lower, caused entirely by high inflation in palm oil. The rur
Godrej Consumer Products MD & CEO Sudhir Sitapati has thrown his support behind Dhaval Buch, husband of embattled Sebi Chairperson Madhabi Puri Buch, stating that it could be the side effects of what happens when the worlds of government and the private sector collide. Dhaval and Madhabi have been facing allegations of conflict of interest over providing consultancy services to corporates. In a post on networking platform LinkedIn, he said unless the context of the top professionals coming from the corporate world is understood, there could be a situation where no senior person from the private sector would ever consider a government job. Given the cusp of change India is at, "there is a lot of talent in the private sector that the government could use, and we probably need to reconsider our old socialist biases against everything private," he said. "I have known of and then known Dhaval Buch for the 22 years that I worked at Hindustan Unilever. I was much his junior, but in a ...
Godrej & Boyce and Godrej Properties on Wednesday said they would continue their association for land development at Vikhroli in Mumbai, a day after the founding family of the Godrej group announced an amicable split of the conglomerate. In a joint statement, Godrej & Boyce, owner-developer, and Godrej Properties, the development manager, said the two companies will continue their Memorandums of Understanding executed from time to time, for development of land in Vikhroli as and when the owner is desirous of developing the land. Godrej Construction, a business of Godrej & Boyce, designed and built four phases of Godrej Platinum, a residential development project with a total constructed area of 1 million square feet, which has been marketed by Godrej Properties. In March 2024, a new project named Godrej Vistas was successfully launched under this arrangement, it added. "The future development of Vikhroli presents a unique opportunity to create a holistic space in the ...
FMCG major Godrej Consumer Products Ltd (GCPL) on Friday said it is expecting to deliver a "mid-single digit volume growth" on a consolidated basis in the December quarter. In the domestic business, GCPL's organic business delivered steady underlying volume growth of mid-single digits and its inorganic business as Park Avenue and KamaSutra reported a double-digit volume growth. "Growth was broad-based across both home care and personal care. Park Avenue and KamaSutra brands continue to perform well and are on track to achieve full-year ambition," the Godrej Group FMCG arm said in a quarterly update on Friday. The company said its Indonesia business -- the second biggest market after India for GCPL -- continues to deliver "compelling performance" with close to double-digit volume growth and high-single-digit constant currency sales growth. "The GAUM (Godrej Africa, US, and Middle East) business had a flattish to mild decline in volume growth. This was driven by trade destocking in .
Fast moving consumer goods major Godrej Consumer Products Ltd will invest Rs 515 crore in Tamil Nadu to set up a manufacturing facility and signed a memorandum of understanding with the state government on Thursday. The company would be setting up their greenfield production unit in neighbouring Chengalpet district to produce body care products, Minister for industries T R B Rajaa said. The employee base at the manufacturing unit would comprise 50 per cent women, members of LGBTQ community and disabled people. "Another feather in the cap of M K Stalin government. FMCG giant Godrej Group would soon start production of most of its products right here in Tamil Nadu in a state of the art brand new unit," he said. It was a pleasure to meet Godrej Consumer Products Ltd Executive Chairperson Nisaba Godrej, a true diversity torch bearer, and share ideas for the benefit of both the state and Godrej. Truly amazed at her passion for inclusivity and sustainability, he said in a social media ..