Godrej Consumer Profit Dips On Tax Disruption
Godrej Consumer’s Q2 profit fell 6.5% to Rs 459 crore as GST-led disruptions hit sales, though revenue grew 4%. Company to buy Muuchstac brand for Rs 450 crore.
Godrej Consumer’s Q2 profit fell 6.5% to Rs 459 crore as GST-led disruptions hit sales, though revenue grew 4%. Company to buy Muuchstac brand for Rs 450 crore.
However, the company reports that demand conditions in India have continued to be impacted by headwinds in urban consumption
The company states that personal care continues to go through a price-volume rebalancing on account of rising input costs
The report states that it would take two to three quarters to widen margins, but the company will not be pushing up the prices suddenly
Total revenue from operations marked an increase to Rs 3,768.43 crore in the recently concluded quarter
Industry leaders anticipate that improving macroeconomic indicators and favorable expectations for a good monsoon and rabi crops will stimulate consumer demand for fast-moving consumer goods (FMCG) in the current fiscal year, as per companies’ quarter updates. Despite a subdued operating environment in the March quarter, the industry foresees mid-to-high-single-digit growth in both value and volume […]
Wipro Consumer Care and Lighting has completed the acquisition of personal care brands Jo, Doy, and Bacter Shield from VVF (India), marking its 15th acquisition to date and the third in the past twelve months. This move reflects the company’s plan to expand its presence in the personal wash segment, as its already existing portfolio […]
FMCG giant Godrej Consumer Products reported a 20.59 per cent year-on-year (YoY) rise in its net profit at 433 crore for the quarter gone by, compared to the last year in the same quarter at 359 crore. The company’s revenue increased to Rs 3,601 crore for the quarter that ended on 30 September, from 3,391 […]
Godrej Consumer Products has reported mid-single-digit volume growth in the domestic market for the July-September quarter, despite challenging macros and adverse weather conditions. In a quarterly update on Thursday, the company stated, “Overall, Home Care volumes grew in mid-single digit while Personal Care grew in low-single digit.” The performance of the Park Avenue and KamaSutra […]
Godrej Consumer Products (GCPL) announced on Tuesday that it plans to raise Rs 5,000 crore from the market through the issue of Non-Convertible Debentures (NCDs), as per the company’s regulatory filing. The Godrej group’s FMCG unit will be holding a board meeting on June 10 to review its financial results for the March quarter and […]