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Articles for Gcpl

Godrej Consumer’s profit warning intensifies gloom in FMCG sector
Trending News
1 week, 6 days ago

Godrej Consumer’s profit warning intensifies gloom in FMCG sector

Live Mint  

Shares of Godrej Consumer Products Ltd’s plummeted more than 8% on Monday after it warned of weaker margin and volumes for the three months to December. After market hours on Friday, GCPL said its India business is expected to report flattish volume growth this quarter. GCPL’s Indonesia business is expected to deliver mid-single digit volume growth in Q3FY25. Meanwhile, GCPL’s …

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Explained: Why Godrej Consumer share price fell 9% in early trade today
2 weeks ago

Explained: Why Godrej Consumer share price fell 9% in early trade today

India Today  

Shares of Godrej Consumer Products Limited tanked 9% in early trading on December 9, as investors reacted to the company’s weak growth outlook for the October-December quarter. The sharp decline came after GCPL shared updates about challenges in demand and margins, leading to concerns about the company’s near-term performance. In a statement, GCPL said, “Demand conditions in India have been …

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Godrej family begins formal division of group, will start divestments soon: Report
8 months ago

Godrej family begins formal division of group, will start divestments soon: Report

Hindustan Times  

The Godrej family has begun the formal division of the conglomerate by exiting the boards of each other’s companies, it was reported. Godrej Group Chairman Adi Godrej This comes after Adi and Nadir Godrej resigned from the Godrej & Boyce Board while Jamshyd Godrej also left his seat in the boards of GCPL and Godrej Properties. The report claimed, “Top …

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GST authorities probing Raymond’s consumer care business sale to Godrej
1 year, 1 month ago

GST authorities probing Raymond’s consumer care business sale to Godrej

Live Mint  

The Directorate General of GST Intelligence is investigating the sale of Raymond's consumer goods business to a Godrej unit, The Economic Times reported quoting sources. Investigations Ongoing Authorities have raised questions about whether goods and services tax should be applied to the transaction amount, and have requested Raymond Consumer Care to provide an explanation, the report added. “We have provided …

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Godrej Consumer Products to invest ₹515 crore for new plant in Tamil Nadu
1 year, 4 months ago

Godrej Consumer Products to invest ₹515 crore for new plant in Tamil Nadu

Live Mint  

New Delhi: Fast moving consumer goods company Godrej Consumer Products Ltd. on Thursday said it has signed a Memorandum of Understanding with the Tamil Nadu government to set up a manufacturing facility in the state at an investment of ₹515 crore over the next five years. The plant will manufacture the company’s core brands such as Cinthol, Godrej Expert Rich …

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FMCG companies eye improved margins as raw material costs ease
1 year, 5 months ago

FMCG companies eye improved margins as raw material costs ease

Live Mint  

Amid concerns about the potential impact of an El Niño event, which threatens to delay the recovery in rural demand, one factor seems to be working in favour of fast-moving consumer goods companies—easing raw material costs. “Our internal consumer staples raw material inflation index, which tracks movement of key commodity prices at a basket level, has now actually entered negative …

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Hit hard by inflation, FMCG industry reports volume decline in June quarter
2 years, 5 months ago

Hit hard by inflation, FMCG industry reports volume decline in June quarter

Live Mint  

Demand in the FMCG industry remained soft in the June quarter, with major players Dabur, Marico and Godrej Consumer Products Ltd stating that consumers have titrated consumption as unprecedented inflation continued to impact the share of their income available for spending on consumer staples. The domestic FMCG industry continued to be "hit hard by inflation levels" leading to successive price …

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Patra Chawl land scam: PMLA court says prima facie case of money laundering made out
2 years, 8 months ago

Patra Chawl land scam: PMLA court says prima facie case of money laundering made out

India Today  

A special court under the Prevention of Money Laundering Act has taken cognizance of the chargesheet filed against businessman Pravin Raut, said to be a close aide of Shiv Sena MP Sanjay Raut, and the promoters of a company called HDIL - Rakesh and Sarang Wadhawan. The special PMLA court said that their prima facie involvement in generating proceeds of …

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Adi Godrej quits GCPL board
3 years, 4 months ago

Adi Godrej quits GCPL board

Hindustan Times  

Packaged consumer goods company Godrej Consumer Products Ltd on Wednesday announced that Godrej Group chairman Adi Godrej will step down from the board of directors of GCPL effective September 30, 2021. Adi Godrej will continue as the chairman emeritus of the firm “It has been a privilege to serve Godrej Consumer Products. I am grateful to our board for their …

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