Godrej Consumer Products Q3FY25 results: The company declared an interim dividend of Rs 5 per share for FY25
Q3FY25 company results, January 24: Godrej Consumer Products, Bank of India, and AU Small Finance Bank will release results for the Oct-Dec quarter today
The upcoming Union Budget is the near-term catalyst, where central government actions to revive consumption cycle would be key.
Technical chart shows that the Nifty Next 50 index looks weak and could slide towards 58,670 - implying an over 11% fall from present levels, whereas on the upside can jump by 6% to 70,200 levels.
Thus far in the calendar year 2024, the FMCG index was up 1.4 per cent, as against 13.5 per cent rally in BSE Sensex.
Godrej Consumer believes that due to an increase in soap prices, unseasonal rainfall, and slowdown in sales of its home insecticides (HI) segment a 'flattish' underlying volume growth
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
India revenue grew 6 per cent Y-o-Y with 7 per cent volume growth. Home Care had 12 per cent growth
FMCG major Godrej Consumer Products shares jumped 4.89 per cent at Rs 1,315.95 per share on the BSE
In the past one month, the FMCG index has tanked nearly 11 per cent, as against 6 per cent decline in the BSE Sensex.
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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 ...
Derivatives market update for Sept 16: Bank Nifty Sept futures traded at a discount to spot for the 2nd straight day on Friday. Among stocks, Muthoot Fin, Can Fin Homes, Bharat Forge saw long buildup.