Godrej Consumer Products stock surges 3% post Q4 results
The FMCG firm reported a 24.5% YoY rise in consolidated net profit at ₹452 crore in Q4FY23, while revenue from operations rose 9.8% to ₹3,200 crore.
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Raymond shares dip 7% after selling FMCG biz to Godrej Consumer Products
The cash deal is expected to be completed by May 10, 2023. The Singhania family-backed Raymond group had been looking to divest its consumer care business for over two years.
Godrej Consumer Products buys Raymond’s FMCG biz for ₹2,825 cr
The cash deal is to be completed by May 10, 2023; GCPL CEO says RCCL products have the potential to deliver "double-digit multi-decade growth"
Godrej Consumer in talks to acquire Raymond's consumer care biz; stock down 3%
Earlier this month, Godrej Consumer announced an investment of ₹100 crore in Early Spring, a new early-stage fund being set up by Spring Marketing Capital.
Adi Godrej: Humility Redefined
Godrej Group patriarch weighs intangible values of the group higher than tangible assets such as land.
Godrej’s domestic personal care biz up, home care hit by inflation in Q1
The sales in India, Africa, the U.S. and the Middle East went up, but declined in Indonesia, Latin America and SAARC
Nisaba Godrej proposes 'Gutsy Girl Sport' league
Nisaba Godrej says her father "encouraged a love of adventure and the outdoors" and that growing up near Juhu beach was one of her life's greatest gifts.
Covid-19: FMCG cos battle ready, but logistics a concern
Vivek Gambhir, MD and CEO of Godrej Consumer Products, says despite a short-term spike in demand, the sector isn’t immune to a broader slowdown.
Covid-19: FMCG sees volume gains, but future uncertain
With consumers resorting to panic buying, FMCG companies will likely see an uptick in volume in March, but retail shelves have started emptying out in many areas.
What the Godrej story means for family businesses
Corporate circles feel too much is being made of the developments around the Godrej family pact. Differences and future-proofing are natural for family businesses.
