Godrej Consumer

FMCG firms express concern over inflation, hint at potential price hikes

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 gains 5% post Q2FY25 results; profit rises 13% YoY

FMCG major Godrej Consumer Products shares jumped 4.89 per cent at Rs 1,315.95 per share on the BSE

Godrej Consumer MD and CEO Sudhir Sitapati throws weight behind Dhaval Buch

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 targets mkt share boost with battery-powered forklift truck

The BMS was developed in collaboration with Log9 Materials and currently boasts 30 per cent localisation

Godrej Consumer falls 5% as Q1 nos miss estimates; forays into pet care mkt

The fall in the stock price came after the company's June quarter (Q1FY25) numbers missed the street estimates.

RKN Enterprises sold 1.11% stake in GCPL to other Godrej family members

On May 2 this year, the Godrej family had announced an amicable settlement under which the Adi-Nadir and Jamshyd-Smita families bought each other's stakes for zero consideration in each other's cos

Q4FY24: Lupin, Godrej Consumer among 54 firms to report results on May 6

Q4 FY24 results today: Marico, Lupin, Gujarat Gas, Godrej Consumer Products, Indian Bank, Happiest Minds Technologies and Route Mobile will announce their fourth quarter and FY24 results on May 7

G&B-Godrej Properties partnership to continue for Vikhroli land development

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 ...

Godrej family amicably splits 127-year-old conglomerate into two groups

Adi Godrej family gets control of listed entities while cousin Jamshyd to own Godrej & Boyce and land bank

Operating conditions remain subdued, Africa sales sting: Godrej Consumer

Its Indonesia operations, which contributed nearly 13% of Godrej's revenue in the December quarter, delivered double-digit percentage sales growth, the company said

Global investors meet: Godrej Consumer to invest Rs 500 cr in Tamil Nadu

The company which already has a strong market share in the state aims to set up a multi-category factory

Muted Q3 sales, stock rally limit upsides in Godrej Consumer Products

The company remains optimistic about a gradual uptick in consumption trends over the next calendar year

Godrej Consumer expects to deliver mid-single digit volume growth in Q3

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 .

Stocks to Watch today: LIC, Hero Moto, Apollo Tyres, TRIL, Zee, GR Infra

Stocks to watch on August 11, 2023: Balrampur Chini, Chambal Fertilisers, Delta Corp, Indiabulls Housing Finance, Manappuram Finance and Zee among eight stocks in F&O ban period on Friday.

Godrej Consumer to invest Rs 515 cr in TN, to set up manufacturing unit

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 ..

Sensex climbs 179 pts in fag-end, Nifty tops 18,300; auto, bank stocks lead

CLOSING BELL: The fag-end rally was powered by IndusInd Bank, Bajaj Finance, Tata Motors, Reliance Industries, HDFC Bank, Maruti Suzuki, and Bajaj Finserv

Godrej Consumer Q4 results: Consolidated profit up 24.5%, revenue rises 10%

In FY23, however, the company's profit was down 4.5 per cent to Rs 1,702.46 crore

Godrej Consumer to Axis Finance: Companies announce raising more funds

The list includes names like Muthoot Finance, IIFL Finance, and Magnite Developers, as well as banks like Canara Bank

Stocks to watch: Godrej Consumer, Axis Bank, Wipro, IRB Infra, IHCL, ACC

Stocks to watch today: From Godrej Consumer to Axis Bank, here are top stocks to watch in Friday's trade

Godrej Consumer to invest Rs 100 crore in early-stage consumer fund

The fund's first round of Rs 150 cr continues to invest in firms at Series A and beyond. The Early Spring Fund will now also invest Rs 5-20 cr in each company, from seed to pre-series A