Gcpl

Godrej Consumer to invest Rs 100 crore in early-stage consumer fund

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

GCPL to invest Rs 100 cr in early-stage consumer startups in India

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).

Commodity costs down, expect price drop: GCPL MD & CEO Sudhir Sitapati

Commodity costs have fallen "sharply" in the last few months, the margin situation is now "pretty good" and a revival in sales volume is expected, helped by price drops in some categories such as soap, said Godrej Consumer Products Ltd (GCPL) Managing Director and CEO Sudhir Sitapati. In the last three-four months, a lot of commodities such as palm oil have deflated, he said, adding the inflation which is presently in the market is as a consequence of the high prices that were there six to eight months ago. "So I certainly do not see price hikes in the short to medium term unless the commodity situation goes up. I see, in categories like in soaps and all, price drops," Sitapati told reporters on the sidelines of an event here. Now the hyperinflationary scenario is gone off and the company "definitely expects volumes to revive", he said, adding there would be negative price growth over the next few months, but with better volumes. Sitapati expects consumption to come back and the ..

FMCG Q3 sales: Rural market continues to drag; urban maintains steady pace

The Indian FMCG sector witnessed improvement in margins and slow growth in the December 2022 quarter but the rural markets continued to drag as retail inflation stayed at elevated levels, according to industry players. Godrej Consumer Products Ltd (GCPL) and Marico reported that although there is softness in demand, there has been an improvement partly due to the lingering effects of festive sales, while urban and premium categories maintained a steady pace during the October-December period. Godrej Consumer Products witnessed a "demand softness" in the domestic market and a slowdown post the festive season. "During the quarter, the Indian FMCG sector witnessed slow growth driven by poor rural consumption and a slowdown post the festive season," said the Godrej Group FMCG arm in its quarterly updates for Q3 FY23. Despite this, GCPL expects "double-digit sales growth backed by low single-digit volume growth". "The quality of our profits should see meaningful improvement, led by Gro

GCPL expects double-digit domestic sales growth in December 2022 quarter

FMCG major Godrej Consumer Products Ltd (GCPL) expects a double-digit sales growth in the domestic market for the December 2022 quarter. This is backed by low single-digit volume growth said the Godrej Group's FMCG arm in its quarterly update for the third quarter of FY23. "There has also been a sequential improvement from high single-digit sales growth and mid-single-digit volume decline in the previous quarter," it said. According to GCPL, the growth is "broad-based" and led by around double-digit sales growth in both Home Care and Personal Care. In the international business, in Indonesia, which is GCPL's largest foreign market, the company is witnessing a gradual recovery in performance. Though in constant currency sales declined to low single digit in Indonesia, it added. "Godrej Africa, USA, and Middle East (GAUM) continue its strong sales growth momentum, clocking double-digit sales growth in constant currency terms," it added. At a consolidated level, GCPL expects to del

Sensex swings 760 pts, ends 200 pts down; Nifty holds 17,200; IT stocks up

CLOSING BELL: IT, select auto and banking stocks aided the market recovery on Monday. TCS gained nearly 2 per cent ahead of its Q2 result.

Inflation continued to 'hit hard' FMCG industry in June quarter: GCPL

The country's FMCG industry continued to be "hit hard by inflation levels" leading to successive price hikes as well as impacting volumes during the three months ended June, according to Godrej

HUL, Britannia, Marico drop up to 6% as Indonesia bans palm oil exports

Palm oil is used in products like cooking oil, processed foods, cosmetics and biofuels.

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 ...

GCPL Q3 net profit up 5% to 527.60 cr; net sales up 8% to Rs 3,302.58 cr

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

Adi Godrej to quit as chairman of Godrej Industries on October 1

Godrej said the company's "best years are ahead" and looks forward to Nadir and his team achieving exciting aspirations

Adi Godrej to step down from GCPL board in Aug; remain as Chairman Emeritus

Veteran industrialist and Godrej Group Chairman Adi Godrej will step down from the board of Godrej Consumer Products Ltd (GCPL) next month.

Godrej Consumer Q1 net profit rises 5% to Rs 414 cr; revenue up 24%

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.

GCPL working on diversity in ops, promotes inclusion on gender and LGBT+

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

Consumer has become an omni-channel shopper: GCPL India's Sunil Kataria

Sunil Kataria, CEO (India & SAARC) of GCPL, explains the challenges arising out of the second wave, in an interview to Viveat Susan Pinto

HUL's Sudhir Sitapati to take over as GCPL's managing director in October

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

GCPL September quarter net profit increases 10.7% to Rs 458 crore

FMCG major Godrej Consumer Products Ltd (GCPL) on Thursday reported a 10.66 per cent increase in its consolidated net profit at Rs 458.02 crore in the second quarter ended September

Covid-19 impact: GCPL June quarter net profit down 3.1% to 394.9 cr

Godrej Consumer Products reported a 3.12% decline in consolidated net profit at Rs 394.88 crore in the first quarter ended June 2020 due to Covid-19 related disruptions in the market

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.

Covid-19 impact: Analysts see over 20% decline in Q4 profit for GCPL

High revenue decline resulting in weak operating leverage to result in 220 bps fall in operating profit margin