Page 3 - Godrej Consumer Products

Breakout stocks: Dabur, ITC top FMCG picks; can gain up to 13%, charts show

Technical outlook on FMCG stocks: Dabur and ITC look stronger on charts compared to its peers HUL, Marico and Godrej Consumer Products.

GCPL takes Rs 2,389 cr one-time hit over Africa market strategy tweak

One-time costs related to loss on sale of subsidiaries, employee severance

GCPL posts loss after tax of Rs 1,893.21 cr in Q4; Rs 10 dividend announced

Consumers are spending more on a variety of the company's offerings, from Cinthol soap to Godrej Expert hair colour

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 Electricals & Electronics secures orders over Rs 1,000 cr in FY'24

Godrej Electricals & Electronics on Thursday said it has secured orders worth over Rs 1,000 crore in financial year 2023-24 in power and infrastructure business. These orders predominantly entail both Air Insulated Switchgear (AIS) and Gas Insulated Switchgear (GIS) substations across India, with certain projects of up to 765kV capacity, a company statement said. Each of these projects range from Rs 100 crore to Rs 400 crore in value, it added. We are delighted with our recent order acquisitions, which further solidify our presence in the segment of over 400kV," Raghavendra Mirji, Executive Vice President & Business Head, Godrej Electricals & Electronics said. Mirji further noted that securing the inaugural 765kV GIS order for execution at Khavda, in Gujarat marks yet another significant milestone for the company, symbolizing its dedication to pushing the boundaries of technological advancement. Mirji said, "majority of our orders secured in FY 2023-24 pertaining to ...

Godrej Consumer Products soars 12%, hits new high on Ebitda beat in Q3

Analysts believe the execution machinery being put in place by GCPL is yielding good results with improvement seen in underlying metrics alongside higher cash-generation

Volume gains key for further rerating in Colgate-Palmolive India stock

Colgate-Palmolive (India) has been one of the top gainers in the consumer space since June 2023, enriching investors by 53 per cent in this period

Marico, Godrej Consumer slip up to 6% post December quarter biz update

Godrej Consumer Products slipped 6 per cent to Rs 1,149 as the company expects mid-single digit volume growth on a consolidated basis in Q3.

Marico says Q3 revenue falls in low single digits on weaker rural demand

Marico, which operates in Bangladesh, Vietnam, the Middle East and Africa, also cited significant currency depreciation in select overseas geographies as the key factors behind the drop in revenue

Godrej Consumer starts price war in liquid detergents with new product

Godrej fab launched at Rs 99/ litre in South India

FMCG companies expand into adjacent categories that offer high growth

The brand is already established in people's mind and these companies already have distribution in place, Rajat Wahi, partner at Deloitte India explained

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