Among the key themes identified in the report is the growing importance of rural markets. Nuvama expects companies with a stronger rural exposure to outpace urban-focused peers in the next 2 quarters
As FMCG shares led by Godrej Consumer fell up to 11% on Monday post the volume growth concern; the Nifty FMCG index slipped below its 20-DMA after a two-week struggle; chart hints at further 4.5% dip.
Impacted by an increase in soap prices and unseasonal rainfall slowing down sales of the home insecticides (HI) segment, Godrej Consumer Products expects a "flattish" underlying volume growth and a mid-single-digit sales growth in the domestic market in the December quarter. Both segments jointly contribute to two-thirds of GCPL's standalone revenue -- mainly income from operations from the domestic market. However, the rest of the portfolio is demonstrating good performance and is expected to deliver double-digit underlying volume growth, Godrej Consumer Products Ltd (GCPL) said in an update on business conditions and quarterly performance to the exchanges. "The demand conditions in India have been subdued for the past few months which is evident in the FMCG market growth," it said. A surge in palm oil and derivatives prices to the extent of a year-on-year increase of 20-30 per cent has impacted the soaps category, representing one-third of GCPL's standalone business revenue. "To
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GCPL has delivered industry-leading volume growth in India and it may record double-digit earnings growth over FY24-26
The fall in the stock price came after the company's June quarter (Q1FY25) numbers missed the street estimates.
Branded consumer goods makers have reduced prices to compete with smaller rivals that offer cheaper alternatives, which has negatively impacted top-line growth
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
GCPL holds exclusive rights to use Renofluthrin in its products for six to eight years
The rural markets have outpaced urban demand, registering a 7.6 per cent increase compared to a 5.7 percent rise in urban areas, in the March quarter of FY24
Shares of Godrej Group companies rallied up to 9 per cent in Thursday's trading session after the Group announced a split in the 127-year old family business.
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The company which already has a strong market share in the state aims to set up a multi-category factory
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 .
Godrej Agrovet, Godrej Industries, Godrej Properties can potentially rally up to 10% from current levels, while Astec Life and Godrej Consumer Products can fall up to 17%, suggest charts.
The new plant will be set up in Chengalpattu near Chennai and will create 400 jobs
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In FY23, however, the company's profit was down 4.5 per cent to Rs 1,702.46 crore
Tata Steel, Godrej Consumer Products among those ushering in change