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

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

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 …

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

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 …

Tamil Nadu Godrej Gcp This Facility Godrej Consumer Products Gcpl

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 …

Godrej Consumer Products’ India biz to drive growth

Godrej Consumer Products Ltd is a beneficiary of the sharp fall in prices of palm oil, a key raw material for the fast-moving consumer goods company. Analysts at Motilal Oswal Financial Services note that even if GCPL spends some of the gains to shore up advertising, the company could see a healthy earnings growth of 25-30% in the next few …

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 …