Godrej Industries

India's Godrej Consumer Products estimates double-digit Q4 sales growth

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

Godrej Industries plans to raise Rs 1,000 cr via bonds pvt placement basis

Godrej Industries, part of Godrej Group, plans to raise Rs 1,000 crore through an issue of bonds on a private placement basis. "The management committee of the board of directors of the company has on March 10, 2023, inter alia, approved the placement memorandum/ information memorandum for issuance of up to one lakh rated, listed, unsecured, redeemable, NCDs (Non-Convertible Debentures) having face value of Rs one lakh only each, aggregating up to Rs 1,000 crore on private placement basis," said Godrej Industries in a late-night regulatory filing on Friday. The issue has been divided into two tranches of 25,000 NCDs with a face value of Rs 1 lakh each. Each series will have an aggregate nominal value of up to Rs 250 crore with an option to retain over-subscription up to Rs 250 crore aggregating up to Rs 500 crore. Godrej Industries operates in the businesses of Oleochemicals, surfactants, finance & investments and estate management. It has substantial interests in several ...

Brokerages positive on Godrej Consumer on growth recovery, lower costs

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

Godrej Yummiez expands vegetarian portfolio; aims for 30% growth in FY23

Godrej Yummiez, a brand of ready-to-cook products from Godrej Tyson Foods (GTFL), expanded its vegetarian portfolio with the launch of Godrej Yummiez Crispy Potato Starz

'We need to stop dividing country; govt, industry need to do more'

Billionaire Nadir Godrej has said we need to "stop dividing the country" and urged the government as well as the industry to "do more" on this aspect. Godrej, the chairman and managing director of the diversified Godrej Industries, said we are doing very well on the economic front and also undertaking welfare measures like financial inclusion and education, but efforts ought to be made to "unify the country". "I think we need to try and unify the country and stop dividing the country. I think that is important and I am sure the government also recognises the economic growth requires that, and we should be focusing on that," Godrej told PTI on the sidelines of a book launch earlier this week. When asked if the industry also needs to do more on this front, he said, "Of course, industry should try and do things also by trying to be as inclusive as possible. And the government should also do more." Godrej's comments are rare among top industrialists, who generally refrain from speaking

Godrej Industries Q1 profit up 38% at Rs 258 cr; revenue rises 39%

Revenue from operations was Rs 4,024.55 crore in the quarter as against Rs 2,890.49 crore.

Price hikes likely to drive FMCG firms' revenue in April-June quarter

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

From Jio to TVS, generational change sweeps through India Inc's boardrooms

From rotating chairmanship to handing over firm to professionals, top family businesses have tried different formulae to ensure smooth transition

SP group back in business as fortunes revive in post pandemic era

Company turned around in FY22 after the Covid pandemic hit its core real estate operations in FY21; experts say Pallonji Mistry's sons now lead the businesses

Godrej Industries reports net profit of Rs 422.82 cr for March quarter

The company had posted a loss of Rs 92.17 crore for the same quarter of previous fiscal year, Godrej Industries said in a regulatory filing

Godrej Ind to expand interest in financial services via Godrej Capital

Godrej Capital is looking at building a balance sheet of Rs 30,000 cr in the next 4 years

Godrej Industries Q3 net profit at Rs 183 crore; revenue at Rs 3,515 crore

Godrej Industries Ltd reported a profit after tax of Rs 182.78 crore for third quarter ended December 2021 and announced investment of up to Rs 2,500 crore in Godrej Properties and Godrej Agrovet Ltd

Godrej Industries buys stake in housing finance arm for Rs 406 crore

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

Godrej family trusts increase stake by about 2% in group company

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

Godrej Industries raises Rs 750 crore through non-convertible debentures

Godrej Industries Ltd on Tuesday said it has raised Rs 750 crore through private placement of non-convertible debentures. The management committee of the board of directors of the company has on September 28 approved the allotment of 7,500 rated, listed, unsecured, redeemable, non-convertible debentures having face value of Rs 10 lakh aggregating to Rs 750 Crore to an identified investor, Godrej Industries Ltd said in a regulatory filing. The company, which is a holding company of the Godrej Group, however, did not disclose the identity of the investor. The proceeds of the issue are proposed to be used for business purposes, investments, repayment or prepayment of certain loans and for general corporate purposes, it added. The NCDs, which will be listed on the National Stock Exchange of India, will have a tenure of 7 years with a redemption date slated for September 28, 2028, it added. Carrying a coupon rate of 7.58 per cent per annum, payable annually, the NCDs will be redeemed

Godrej Industries' Board approves plan to raise Rs 750 cr via NCDs

Godrej Industries on Tuesday said its board has approved a proposal to raise Rs 750 crore by issuing non-convertible debentures (NCDs).

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

Godrej Industries reports Q1 consolidated net profit at Rs 186 crore

The company had posted a net profit of Rs 107.14 crore for the year-ago period, Godrej Industries Ltd (GIL) said

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Godrej holding company hikes stake in Godrej Properties, Agrovet

With the stake buy in Godrej Properties, Godrej Industries' stake in the company will rise to 47.29 per cent.