Page 4 - Godrej Consumer Products

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Weekly Technical Recommendations by Religare Broking Ltd

Promotional offers dent Godrej Consumer's June quarter performance

Investors should wait for good earnings trend despite attractive valuations

Godrej Consumer Products eyes 25% market share in professional hair care

Sources said the brand from the Godrej stable currently has a miniscule market share and the space is dominated by Loreal which has a near 70% market share in the salon space

Godrej Consumer slips 8% on disappointing Q3 results

The stock slipped 8 per cent to Rs 699 on BSE after it reported 1.5 per cent year-on-year decline in consolidated net profit at Rs 423.52 crore for December 2018 quarter.

Godrej Consumer Products bullish on e-commerce, eyes 5% revenues in 4 years

Homegrown FMCG firm Godrej Consumer Products (GCPL) is bullish on the prospects of e-commerce and is expecting 5 per cent of its revenues to come from this channel in the next three to four years, a top company executive said. The company is also planning to create a separate business unit to drive e-commerce sales. "We should be at least looking at 5-odd per cent of our business coming from e-commerce in the next three to four years," GCPL chief executive officer - India and SAARC - Sunil Kataria, told PTI. "We have realised that it cannot happen with e-commerce being part of customer channel. It has to be a separate business in itself," he added. E-commerce is estimated to account for just 1 per cent of the FMCG space at present in the country, but Kataria expects it to pick up in the coming years. The company from September 1 is shifting e-commerce as a separate P&L unit, with it's own innovation team, new product development pipeline and own marketing and digital

Godrej Consumer Products eyes Rs 1 bn turnover in hair products segment

This market is growing at a healthy rate of 8-9%

Godrej Consumer: Management may maintain margins at current elevated levels

Godrej Consumer Products stock is trading near its 52-week high

New products, volume boost Godrej Consumer

Double-digit growth, cost efficiencies should translate into higher profits

Godrej Consumer Products rebounds 10% from day's low on heavy volumes

The stock was up 4% to Rs 963, bouncing back 10% from its intra-day low of Rs 876 on BSE

Godrej Consumer extends fall on disappointing Q1 results

The stock dipped 7% to Rs 958, extending its Monday's 2% fall on BSE.

Godrej Consumer hits record high on strong Q4 results, 1:1 bonus

The stock rallied 7% to Rs 1,886 after the company reported 212% jump in net profit at Rs 390 crore

Godrej Consumer steps up cluster management of markets

The company is now dividing some of its broad regions of Africa, Latin America & UK, into sub-clusters to drive synergies and growth

Godrej Consumer looks to triple revenue from Indonesian biz in 5 years

Adi Godrej Group looks to grow top line tenfold in the next decade

Godrej to start local manufacturing of soaps in Bangladesh, Sri Lanka

Company is also setting up a new plant at an investment of Rs 100 cr in Jammu, to be operational by March 2017

Godrej Consumer gains on acquiring US-based Strength of Nature

The company has acquired 100% equity stake in US-based Strength of Nature LLC

Godrej Consumer eyes global mkt chipping in 50% of total sales

Firm hopes acquisition of Strength of Nature will boost global sales, which currently make up 47% of its business

GCPL to increase shareholding in its JVs: Adi Godrej

Currently GCPL has two JVs -- one with Darling Group, Africa, another with Canon Chemicals, a Kenya-based personal care firm "We are increasing our shareholding in many of our joint ventures. This is based on put and call options in the original agreements," Godrej Group Chairman Adi Godrej told PTI. At present, GCPL has two joint ventures (JV) - one with the Darling Group in Africa and another with Canon Chemicals Ltd, a Kenya based home and personal care company. This year, GCPL entered into an agreement with Canon Chemicals Ltd, that manufactures and distributes products in the personal and home care categories, for acquisition of 75 per cent stake in its business in Kenya. After entering into a JV with the Darling Group in 2011, GCPL has since then acquired 100 per cent stake in the Nigeria and Ghana businesses, 90 per cent stake in South Africa and Mozambique ...