Godrej Group

Godrej Consumer Products Limited (GCPL) on Saturday said they will invest Rs 100 crore in Early Spring, a new Rs 300 crore early-stage consumer fund being set up by Spring Marketing Capital (Spring).

"Together, we aim to unlock opportunities for financial inclusion and build a long-term, sustainable franchise, helping drive India's growth story forward"

Company's systems used at Taj Mahal, Qutub Minar and by State Bank of India, Punjab National Bank

Seeking to expand business amid strong housing demand, realty firm Godrej Properties has acquired 15 land parcels so far this fiscal with sales potential of Rs 27,500 crore and looks to add more land by March to construct new projects. In an interview with PTI, Godrej Properties Executive Chairman Pirojsha Godrej said the company's new business development -- which means acquisition of land parcels through outright purchases and joint ventures with landowners to build new projects -- will cross at least Rs 30,000 crore in the 2022-23 financial year, double than the annual guidance of Rs 15,000 crore. "We are very happy with the quarter gone by. Operationally, it has been a very strong quarter. It ended up being an extraordinary quarter for business development. As opposed to the full year annual guidance of Rs 15,000 crore, just within the quarter we did Rs 23,000 crore. We are very happy about the outcome," he highlighted. The company has added 15 new projects so far this fiscal wi

In a regulatory filing, the company informed that it has purchased the land on an outright basis in the micro market of Oragadam Junction, Chennai

The quarterly update indicates strong sales momentum across geographies

Godrej Capital, the financial services arm of Godrej Group, has forayed into Rajasthan. The company will target a 10 per cent market share with a focus on loan-against-property (LAP), a company official said. In addition, it will launch unsecured business loans for micro, small and medium enterprises (MSMEs) in Q4 FY23 and venture into supply chain financing. "We are looking to scale our existing operations and expand our offerings through product innovations. Jaipur has immense potential and is an important market to begin our expansion journey in Rajasthan," Godrej Capital MD and CEO Manish Shah said. Godrej Capital closed the first half of the financial year with a balance sheet of Rs 3,500 crore and aims to grow to Rs 6,000 in FY23 and is targeting Rs 30,000 crore by 2026. With an expansive network of 970+ channel partners and over 270 developers, Godrej Capital serves close to 7,000 customers across home loans and loans against property.

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

For the next 12-18 months, the focus will be more on the core because there's a lot that can happen there

Commentary to watch out for from consumer companies includes rural demand, overall demand impact due to high commodity costs, and volume growth

3D construction printing tech will be used to develop various sustainable infra projects, housing solutions, disaster relief structures, national defence related applications

Mumbai-based Godrej Properties purchases land outright as well as forms partnerships with land owners for future development

The challenge, Godrej says, was to reach a younger audience and children who might have had very little association with the brand

Weak show in India business dents Q3, margin pressures may remain

BBLUNT's strength lies in its extensive experience of styling Bollywood celebrities and transferring the salon experience into consumer products

Godrej group's real estate private equity arm Godrej Fund Management (GFM) on Wednesday said it has raised USD 500 million (Rs 3,800 crore) for development of premium office assets.

Fair value of assets & liabilities acquired have been determined provisionally based on independent valuation report; goodwill of Rs 294.50 crore has been recognised

Shareholding data for the last two years shows that Adi Godrej family members have increased their stake while their cousins, Jamshyd and Smita Crishna's stake remained the same

Total income rose to Rs 334.22 crore in the second quarter of this fiscal from Rs 250.23 crore in the corresponding period of the previous year, according to a regulatory filing.

Plenty of stocks are set to react to September quarter earnings by corporate over the weekend this morning