Sustainability and development have been key goals for the group
Stock market LIVE: All sectoral indices ended in the red with capital goods, IT, metal, pharma, auto, realty and PSU Bank indices falling in the 1-3 per cent range
Consistent growth across geographies, margin gain key to sustain stock rally
FMCG firm Godrej Consumer Products Ltd (GCPL) is strengthening its e-commerce vertical as an independent business unit in India, according to company Chairperson and Managing Director Nisaba Godrej.
Margins, however, are expected to correct on a YoY basis
Sunil Kataria, CEO (India & SAARC) of GCPL, explains the challenges arising out of the second wave, in an interview to Viveat Susan Pinto
The stock gains 21 per cent; improvement in financial metrics key to sustain show
Sudhir Sitapati, who spent over two decades at FMCG Hindustan Unilever, will take over as Godrej Consumer's managing director (MD) and CEO in October 2021
FMCG major Godrej Consumer Products Ltd (GCPL) on Tuesday reported a 59.13 per cent increase in its consolidated net profit to Rs 365.84 crore for the fourth quarter ended March 2021.
The company is eyeing a double digit revenue growth and 17%-18% margins in key markets such as Africa
Healthy demand outlook and turnaround of Africa business key factors for the stock
Household insecticides and Indonesia disappointed in Q2 after strong Q1 show
Industry estimates are that the domestic hand sanitiser market, which, before the pandemic stood at Rs 60 crore in size, has now grown five times to touch Rs 300 crore in size
The momentum indicators and oscillators on the weekly scales are still in 'buy' mode
Domestic business grew 5% in the June quarter; the fall in Africa biz was 22%
Maruti Suzuki, Bajaj Auto, and Hero MotoCorp's tax collections were down 60-85 per cent.
Sales recovery in non-metros better than metros
Growth will be driven by higher volumes, says company
The company has lagged peers in earnings, stock returns in the outgoing MD's tenure
A former partner at Bain and Co in India, Gambhir, 51, joined the Godrej Group in 2009