Page 2 - Godrej Industries

AI can help mfg, healthcare, other sectors scale new heights: Nadir Godrej

Business leader Nadir Godrej on Sunday said manufacturing, healthcare and other sectors in India can scale newer heights with the right use of artificial intelligence. Here to attend the World Economic Forum Annual Meeting, Godrej also said India can achieve its net-zero goals ahead of the deadline as the country is moving in the right direction on climate related matters. Speaking to PTI, he said AI has great potential to help various sectors by optimising processes and it should be seen as a facilitator rather than a disruptor. Godrej is chairman and managing director of business conglomerate Godrej Industries. Climate change, conflicts, geopolitical and geo-economic concerns and opportunities and threats posed by AI are among the key topics to be discussed at the five-day WEF annual meeting beginning here on Monday. Godrej said the meeting should yield several positive outcomes on areas like climate change, global economic concerns and conflict resolution.

Godrej Industries' chemicals division plans Rs 600 cr investment in Gujarat

Godrej Industries Ltd on Friday said its chemicals division plans to invest Rs 600 crore over the next four years in the expansion of its unit at Valia in Gujarat. In a regulatory filing, the company said Godrej Industries Ltd (Chemicals Division) has signed a non-binding Memorandum of Understanding (MoU) with the Gujarat government for the purpose. "As part of the MoU, the company may plan to invest Rs 600 crore over the next four years on the significant expansion in Valia with employment of around 250 (people)," it said. The MoU paves the way for expansion at Valia where Godrej Industries already has a manufacturing facility. The unit located in the Bharuch district of the state produces a wide range of oleochemical products derived from organic material catering to various market segments, including personal care, pharmaceutical and food industries, the company said. "This strategic collaboration underscores our commitment to growth, innovation, and contributing to the economic

Godrej Capital expects Rs 1,500 cr capital to be infused for 2 years: CEO

"The pie is not the same at $3 trillion. It is expected to grow to $5 trillion and maybe $10 trillion in the next decade. It is that market share that the company is competing for," he said

Strategies for Godrej stocks as group likely finalises separation terms

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.

Godrej Industries Q4 results: Net profit rises 32% to Rs 300 crore

The company's consolidated revenue from operation rose by 9.1 per cent to Rs 4,852 crore for the March quarter as compared to Rs 4,445 crore in the year-ago period

Godrej Capital launches digital platform to help MSMEs grow businesses

Godrej Capital, the financial services arm of the Godrej Group, on Monday said it has launched a new digital platform Nirmaan to provide support to MSMEs to grow their businesses. Carefully curated, Godrej Capital Nirmaan packs a range of partners that provide services critical to the growth of MSMEs, the company said in a statement. The MSMEs in the country today face challenges like limited access to the market and ability to expand beyond their regional reach; lack of know-how about legal and regulatory compliance requirements; limited access to technology, hiring and retaining a skilled workforce; and limitation of access to credit, it said. The platform aims to solve these challenges and provide services under the categories of Grow the Business, Ease Business Operations and Transformation through upskilling. The company has initially partnered with Amazon Global Selling, Onsurity, Zolvit, and MSMEx to help increase the potential market reach, simplify legal and compliance, ..

India's Godrej Consumer Products estimates double-digit Q4 sales growth

India's Godrej Consumer Products Ltd on Wednesday estimated its sales grew in double digits in the 4th quarter, led by strong domestic demand for its home and personal care products

Godrej Industries plans to raise Rs 1,000 cr via bonds pvt placement basis

Godrej Industries, part of Godrej Group, plans to raise Rs 1,000 crore through an issue of bonds on a private placement basis. "The management committee of the board of directors of the company has on March 10, 2023, inter alia, approved the placement memorandum/ information memorandum for issuance of up to one lakh rated, listed, unsecured, redeemable, NCDs (Non-Convertible Debentures) having face value of Rs one lakh only each, aggregating up to Rs 1,000 crore on private placement basis," said Godrej Industries in a late-night regulatory filing on Friday. The issue has been divided into two tranches of 25,000 NCDs with a face value of Rs 1 lakh each. Each series will have an aggregate nominal value of up to Rs 250 crore with an option to retain over-subscription up to Rs 250 crore aggregating up to Rs 500 crore. Godrej Industries operates in the businesses of Oleochemicals, surfactants, finance & investments and estate management. It has substantial interests in several ...

Brokerages positive on Godrej Consumer on growth recovery, lower costs

Extent of margin gains will depend on extent of ad spends and price cuts

Godrej Yummiez expands vegetarian portfolio; aims for 30% growth in FY23

Godrej Yummiez, a brand of ready-to-cook products from Godrej Tyson Foods (GTFL), expanded its vegetarian portfolio with the launch of Godrej Yummiez Crispy Potato Starz

'We need to stop dividing country; govt, industry need to do more'

Billionaire Nadir Godrej has said we need to "stop dividing the country" and urged the government as well as the industry to "do more" on this aspect. Godrej, the chairman and managing director of the diversified Godrej Industries, said we are doing very well on the economic front and also undertaking welfare measures like financial inclusion and education, but efforts ought to be made to "unify the country". "I think we need to try and unify the country and stop dividing the country. I think that is important and I am sure the government also recognises the economic growth requires that, and we should be focusing on that," Godrej told PTI on the sidelines of a book launch earlier this week. When asked if the industry also needs to do more on this front, he said, "Of course, industry should try and do things also by trying to be as inclusive as possible. And the government should also do more." Godrej's comments are rare among top industrialists, who generally refrain from speaking

Godrej Industries Q1 profit up 38% at Rs 258 cr; revenue rises 39%

Revenue from operations was Rs 4,024.55 crore in the quarter as against Rs 2,890.49 crore.

Price hikes likely to drive FMCG firms' revenue in April-June quarter

Commentary to watch out for from consumer companies includes rural demand, overall demand impact due to high commodity costs, and volume growth

From Jio to TVS, generational change sweeps through India Inc's boardrooms

From rotating chairmanship to handing over firm to professionals, top family businesses have tried different formulae to ensure smooth transition

SP group back in business as fortunes revive in post pandemic era

Company turned around in FY22 after the Covid pandemic hit its core real estate operations in FY21; experts say Pallonji Mistry's sons now lead the businesses

Godrej Industries reports net profit of Rs 422.82 cr for March quarter

The company had posted a loss of Rs 92.17 crore for the same quarter of previous fiscal year, Godrej Industries said in a regulatory filing

Godrej Ind to expand interest in financial services via Godrej Capital

Godrej Capital is looking at building a balance sheet of Rs 30,000 cr in the next 4 years

Godrej Industries Q3 net profit at Rs 183 crore; revenue at Rs 3,515 crore

Godrej Industries Ltd reported a profit after tax of Rs 182.78 crore for third quarter ended December 2021 and announced investment of up to Rs 2,500 crore in Godrej Properties and Godrej Agrovet Ltd

Godrej Industries buys stake in housing finance arm for Rs 406 crore

Fair value of assets & liabilities acquired have been determined provisionally based on independent valuation report; goodwill of Rs 294.50 crore has been recognised

Godrej family trusts increase stake by about 2% in group company

Shareholding data for the last two years shows that Adi Godrej family members have increased their stake while their cousins, Jamshyd and Smita Crishna's stake remained the same