Godrej Consumer Products Limited

Tata Steel, Godrej Consumer Products among those ushering in change

FMCG major Godrej Consumer Products Ltd (GCPL) on Wednesday reported a 16.56 per cent decline in its consolidated net profit at Rs 345.12 crore for the first quarter ended June 30, 2022, on account of commodity inflation and upfront marketing investments. It had posted a net profit of Rs 413.66 crore in the April-June quarter a year ago, GCPL said in a regulatory filing. The revenue from the sale of products of the Godrej group's FMCG arm was up 8.08 per cent at Rs 3,094.31 crore during the quarter under review, as against Rs 2,862.83 crore in the corresponding period last fiscal. GCPL's total expenses were at Rs 2,696.29 crore in Q1/FY 2022-23, up 13.64 per cent from Rs 2,372.65 crore in the corresponding quarter a year ago. "Our overall EBITDA declined by 13 per cent driven by unprecedented global commodity inflation, upfront marketing investments and a weak performance in our Indonesia and Latin America & SAARC businesses," GCPL Managing Director and CEO Sudhir Sitapati ...

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

Turnaround hopes and attractive valuations, however, keep the Street positive on the stock

3i Infotech, ACC, Aurobindo, Berger Paints, DCB Bank, GMR Infra, Indiabulls Housing, NDTV, Nykaa, Petronet, PowerGrid Corp, SAIL and Tata Power to report earnings today.

The Godrej group company had posted a net profit of Rs 502.80 crore in the October-December quarter of 2020.

FMCG major Godrej Consumer Products Ltd (GCPL) is looking at clocking a double-digit growth in the current fiscal with expansion across segments, according to a company official. The Godrej group firm has taken multiple initiatives to tap the potential of the new age channels such as e-commerce along with chemist and pharmacy stores that have emerged as important touchpoints for the customer buying FMCG products, after the pandemic. The company, which is focusing on becoming a fully comprehensive home and personal care company, is also expanding its reach in the rural areas, where it has added 30 per cent new stockists after the pandemic. Like other companies, GCPL has also witnessed a spike in its sales through e-commerce channels and going ahead it now expects online sales to contribute around 10 per cent to its total sales in the next 2-3 years and is introducing several digital first brands, said GCPL CEO - India and SAARC Sunil Kataria. GCPL, despite the second pandemic wave t

Its net sales during April-June jumped 23.87 per cent to Rs 2,862.83 crore, compared with Rs 2,311.17 crore in the year-ago period, GCPL said in a BSE filing.

Godrej Consumer Products Ltd is building diversity in operations, promoting inclusivity through affirmative stances on gender and LGBT+ rights, hiring from different backgrounds and skills

GCPL posted a 59.13 per cent YoY increase in its consolidated net profit to Rs 365.84 crore for Q4, led by a low base

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.

Healthy demand outlook and turnaround of Africa business key factors for the stock

Godrej Consumer's stock has been trading with a corrective bias for the last three weeks

FMCG players had started to re-establish their supply chains in May and gradually ramped up as markets reopened, which had created some momentum

Revenue for the period fell nearly 14 per cent to Rs 2,153 crore.

We are trying to be as agile as possible and are adapting to the evolving situation, says Vivek Gambhir

In India, demand continued to be challenging, impacted by a general consumption slowdown, Godrej Consumer said

The brokerage expects a likely expansion in the company's operating margin of its international business.

GCPL said its international business clocked net sales of Rs 1,144 crore, up 4 per cent