Page 3 - Godrej Consumer

BSE FMCG index nears 52-week low; Dabur, Godrej Consumer slips up to 9%

HUL hit a fresh 52-week low of Rs 1,942, down 4% in intra-day trade today. The stock has tanked 15% in the past two weeks.

Volumes to recover after two quarters along with margins: Godrej Consumer

FMCG major Godrej Consumer Products Ltd (GCPL) is expecting volume growth to recover gradually next fiscal along with improvement in margins, coming out from the consumption slowdown and inflationary pressures, according to company Managing Director & CEO Sudhir Sitapati. The company will continue to focus on three existing categories - Household Insecticides, Air Care and Hair Colours - in both domestic as well as international markets for growth, as it believes there is "plenty of opportunities" in these areas. The Godrej group FMCG arm expects to have a "low volume growth and gradual improvement in EBITDA" for the ongoing January-March and coming April-June quarters. "As next year progresses, I expect volume growth to gradually recover but the EBITDA journey and the margin journey to go up continuously. I expect after two quarters or so, volumes will go up and margins will be a steady story going up," Sitapati told PTI. Terming the current situation in the market as ...

Godrej Consumer saw low volume growth in December quarter

The maker of Good Knight household insecticides witnessed unprecedented cost inflation in the quarter

Medium-term volume, margin targets positive for Godrej Consumer

There could be pressure in the near term due to sharp rise in commodity costs

Muted near-term margin outlook for Godrej Consumer, stock sheds 3.5%

Sales growth in Q2 came in line with estimates

Godrej Consumer Q2 net profit rises 4.5% to Rs 479 cr, net sales up 9%

FMCG major Godrej Consumer Products Ltd (GCPL) on Thursday reported a 4.55 per cent increase in its consolidated net profit to Rs 478.89 crore for the second quarter ended September 2021. The Godrej group company had posted a net profit of Rs 458.02 crore in the July-September quarter a year ago. Its net sales during July-September 2021 jumped 8.63 per cent to Rs 3,143.61 crore as compared with Rs 2,893.86 crore in the year-ago period, GCPL said in a BSE filing. GCPL's total expenses stood at Rs 2,579.45 crore, a jump of 10.97 per cent as against Rs 2,324.55 crore in the corresponding quarter. Its Executive Chairperson Nisaba Godrej said, "We saw steady sales growth in home care and personal care categories. Home care grew five per cent and personal care continued its strong momentum, growing by 10 per cent. The sub-categories within home care and personal care saw broad-based growth." Its India revenue jumped 9.46 per cent to Rs 1,838.14 crore in July-September, against Rs 1,679.

Godrej Consumer: Sustaining sector-leading growth key for further gains

Margin expansion and international business growth are the other triggers

Stocks to watch: HDFC Life, IRCTC, Ruchi Soya, RITES, Godrej Consumer

Standard Life will divest 3.46 per cent or 70 million shares in HDFC Life Insurance Company on Tuesday

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

Godrej Consumer's chart looks attractive with the RSI also improving the bias and indicating strength for further upside move in the coming days

Godrej Consumer: Q3 update positive, sustaining trend crucial

Scale-up of personal and home hygiene segments, stable demand across other categories drivers of growth

Inconsistent growth across segments to weigh on Godrej Consumer valuations

Household insecticides and Indonesia disappointed in Q2 after strong Q1 show

Fairness cream firms get innovative with marketing, use synonyms for 'fair'

Estimated at Rs 5,000 crore in size and used by both men and women in India, the fairness category for years has been criticised for promoting gender discrimination

Stock picks by Religare Broking: Buy Bharti Airtel, Godrej Consumer

Airtel's stock has surpassed the hurdle around 540 levels

Street awaiting Godrej Consumer Products' Africa business recovery

Domestic business grew 5% in the June quarter; the fall in Africa biz was 22%

FMCG hits the road to recovery on rural uptick, focus on essentials

Local lockdowns in several cities remain a concern, but impact would be limited, say analysts

Vivek Gambhir resigns as GCPL managing director, Nisaba Godrej to take over

A former partner at Bain and Co in India, Gambhir, 51, joined the Godrej Group in 2009

Many manufacturing companies weighed labour cost cuts even before lockdown

Salary and wage bill for manufacturers was down around 1% YoY in Jan-Mar

Godrej Consumer gains 6% despite 75% drop in March quarter net profit

Net sales (revenue) declined 12.2 per cent to Rs 2,132.69 crore against Rs 2,429.68 crore in the corresponding quarter of the previous fiscal.

Consumer companies assess impact of nationwide lockdown on businesses

Makers of hygiene and essential items may not feel the pinch but discretionary categories have a long road to recovery

Trading ideas by Prabhudas Lilladher: Buy Praj Industries, Godrej Consumer

For Praj Industries, the RSI has shown signs of positive bias with good volume