Godrej Consumer

The fund's first round of Rs 150 cr continues to invest in firms at Series A and beyond. The Early Spring Fund will now also invest Rs 5-20 cr in each company, from seed to pre-series A

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

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

Its net sales in the quarter was up 7.2 per cent to Rs 3,391.92 crore which was led by price hikes

Growth in volumes in the recent past was affected due to a significant surge in product prices

FMCG firms Hindustan Unilever Ltd and Godrej Consumer Products Ltd (GCPL) have cut prices of some soap brands by up to 15 per cent amid palm oil and other raw materials turning relatively cheaper. HUL has reduced prices of its offerings under popular soap brands Lifebuoy and Lux by 5 to 11 per cent in the western region. Godrej Group arm GCPL, which owns soap brand Godrej No 1, has also reduced prices of soaps by 13 to 15 per cent. Analysts opine that the reduction in prices would help drive growth in volumes in the second half of current fiscal year, especially since overall demand remains sluggish due to high inflation. One of the reasons for the price reduction is the decline in global prices of palm oil and other raw materials, they added. Commenting on the development, GCPL CFO Sameer Shah said:" With commodity prices coming down, GCPL is one of the first FMCG companies to pass on the price reduction benefit to consumers." "For soaps specifically, GCPL has reduced prices be

The firm, however, expects a mid-single-digit volume drop on a high base in the quarter

Near term margins likely to be under pressure

Homegrown FMCG major Godrej Consumer Products Ltd (GCPL) on Thursday reported a marginal decline in consolidated profit after tax at Rs 363.24 crore for the fourth quarter ended March. The company had posted a consolidated profit after tax of Rs 365.84 crore in the year-ago period, GCPL said in a regulatory filing. Consolidated total revenue from operations during the quarter under review stood at Rs 2,915.82 crore as against Rs 2,730.74 crore in the corresponding period a year ago. Total expenses in the fourth quarter were higher at Rs 2,535.06 crore as compared to Rs 2,259.12 crore in the same period a year ago. For the full fiscal year ended March 31, 2022, the company posted a consolidated profit after tax of Rs 1,783.39 crore as compared to Rs 1,720.82 crore in the previous fiscal, it added. Consolidated total revenue from operations in FY22 stood at Rs 12,276.5 crore as against Rs 11,028.62 crore in FY21, GCPL said. GCPL Managing Director and CEO Sudhir Sitapati said, "We .

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.

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 ...

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

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

Sales growth in Q2 came in line with estimates

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.

Margin expansion and international business growth are the other triggers

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

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

Household insecticides and Indonesia disappointed in Q2 after strong Q1 show