Page 2 - Godrej Consumer Products

Voltas working to transform into a full-fledged home appliance maker

Voltas is also reviving its plan to make AC compressors locally in partnership with a South Korean or Japanese firm

Stocks to Watch today: Rate sensitives, PB Fintech, Vedanta, IndiGo, GCP

Stocks to Watch on Friday, October 6, 2033: SoftBank Group is likely to sell shares worth up to $105 million in PB Fintech via block deals

Godrej Consumer registers mid-single-digit volume growth for Jul-Sep

Godrej Consumer Products Ltd has recorded mid-single-digit volume growth for the July-September quarter in the domestic market despite weak macros and adverse weather conditions. "Overall, Home Care volumes grew in mid-single digit while Personal Care grew in low-single digit," said Godrej Consumer Products Ltd in a quarterly update on Thursday. The performance of Park Avenue and KamaSutra brands, which the Godrej Group FMCG arm acquired earlier this year from Raymond Group, has "improved sequentially and are on track to achieve full-year guidance", it added. "In India, we witnessed weak macros and adverse weather conditions during the quarter. Despite the tough operating environment, our organic business delivered steady performance with mid-single digit volume growth," Godrej Consumer Products Ltd (GCPL) said. In the international markets, GCPL's Indonesia business continued to deliver improving performance, with double-digit volume and value growth. "Godrej Africa, USA, and Mid

Godrej Group in advanced talks to conclude split of businesses: Report

Industry executives said that the two arms of the Godrej family are likely to finalise the formal split of business verticals

Godrej Consumer Products to set up new Rs 515 crore plant in Tamil Nadu

The new plant will be set up in Chengalpattu near Chennai and will create 400 jobs

Godrej Ltd Q1FY24 result: Consolidated net profit falls 7% to Rs 318 crore

The revenue from operations for Q1FY24 came in at Rs 3,448.91 crore, compared to Rs 3,124.97 crore year-on-year

Godrej Consumer estimates double-digit Q1 sales growth on strong demand

Godrej Consumer said its India home care business unit, which houses the Goodknight and HIT brands, recorded double-digit volume growth in the three months ended June 30

Godrej Consumer Products appoints Aasif Malbari as CFO from August 10

Sameer Shah, GCPL's current CFO, will move to a Group role leading consumer investments

Godrej Consumer Products plans to raise Rs 5,000 crore via NCDs

Godrej Consumer Products Ltd (GCPL) on Tuesday said it has plans to raise Rs 5,000 crore from the market through the issuance of Non-Convertible Debentures (NCDs). The FMCG arm of the Godrej group, which is having a board meeting to approve its financial results on June 10 for the March quarter, would also consider a proposal for fundraising, the company said in an update on board meeting. "... at the same meeting, the board may also inter alia, consider approval of raising of funds by way of issuance of Non-Convertible Debentures (NCDs) aggregating to an amount up to Rs 5,000 crore in one or more tranches," said GCPL in a regulatory filing. The amount would be raised in one and more tranches, said GCPL which owns popular brands such as Good Knight and HIT. Last week, GCPL announced the acquisition of the FMCG business of Singhania-controlled Raymond along with brands, Park Avenue, Kamasutra and Premium, for Rs 2,825 crore. The company had reported a revenue of Rs 6,951.56 for the

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Godrej Consumer, Raymond dip up to 6% day after reporting Rs 2,825 cr deal

The proceeds from the sale of FMCG business would be utilized for repayment of debt and infusing of funds in the Lifestyle business, Raymond said.

'We will be EPS-accretive soon', says GCPL MD & CEO Sudhir Sitapati

'This acquisition allows us to complement our business portfolio and growth strategy with the under-penetrated categories'

Godrej Consumer Products acquires Raymond's FMCG biz for Rs 2,825 cr

RCCL will be a listed entity with a pure-play consumer-focused lifestyle business and sell the consumer products business to GCPL in a slump sale

Godrej Consumer Products to acquire Raymond group's consumer business

FMCG Godrej Consumer Products Ltd (GCPL) is going to acquire the FMCG business from the diversified group Raymond, which includes Park Avenue and KamaSutra brands, industry sources said on Thursday. The deal will strengthen the portfolio of the Godrej Group FMCG arm GCPL and foray into sexual wellness categories. An announcement of the deal is expected from both companies in the second half of Thursday. E-mail queries send to both the companies remained unanswered by the time of filing of the story. Both the brands -- Park Avenue and KamaSutra -- are under Raymond Consumer Care, which is a step-down unit of the Singhania-family owned Raymond, known for its shirting and lifestyle business. Raymond was trying to sell this consumer care business for some years. Earlier, it was in discussions with Good Glamm Group, a D2C beauty and personal care brand. However, it had not materialised, the industry sources said. Raymond has two fundamental businesses -- lifestyle and real estate. It

Raymond soars 9%, hits new peak on Godrej Consumer Products deal buzz

According to an ET report, Godrej Consumer Products was in advanced talks for a deal with Raymond for its consumer care business that includes the Park Avenue male grooming brand and Kamasutra condom.

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

Godrej Consumer regains Rs 1 trn m-cap, hits 52-wk high on strong Q4 update

On a consolidated level, the company expects to deliver double-digit growth in rupee terms led by mid-single digit volume growth

Godrej Consumer Products expects Q4 growth on improved consumer demand

Growth in domestic business exceeds expectations, says maker of Cinthol soaps

Godrej Consumer Products Q3 profit rises 3.55% to Rs 546.34 crore

Godrej Consumer Products Ltd on Tuesday reported a 3.55 per cent rise in consolidated profit after tax at Rs 546.34 crore in the third quarter ended December 31, 2022. The company had posted a consolidated profit after tax of Rs 527.6 crore in the same period last fiscal, Godrej Consumer Products Ltd (GCPL) said in a regulatory filing. Consolidated total revenue from operations during the quarter under review stood at Rs 3,598.92 crore as against Rs 3,302.58 crore in the year-ago period, it added. Total expenses were higher at Rs 2,969.52 crore as compared to Rs 2,714.32 crore in the same quarter a year ago, the company said. "We delivered an all-round performance in 3Q FY 2023. Overall sales grew by 9 per cent and we witnessed a sharp sequential uplift in underlying volume growth," GCPL Managing Director and CEO Sudhir Sitapati said. The company had broad-based growth across geographies with India delivering double-digit sales growth of 11 per cent, he said, adding Africa, USA an

Margin gains ahead for Godrej Consumer Products on strong sales

The quarterly update indicates strong sales momentum across geographies