Godrej Consumer Products Ltd (GODREJCP)

Godrej Consumer Likely to Benefit from Budget Measures - 23 Jul, 2024

Godrej Consumer Products is expected to benefit from measures aimed at improving rural consumption and reducing food inflation. The company's stock gained nearly 3% following the announcement of these measures in the budget.

GCPL Invests Over Rs 1,000 Crore on Advertising in FY24 - 21 Jul, 2024

Godrej Consumer Products Ltd (GCPL) invested over Rs 1,000 crore on advertising in the domestic market for FY24, a 47% increase from the previous year. The company has also reduced SKUs by around 30% through rationalization and plans to phase out smaller brands.

JM Financials Top Stock Picks Ahead of Budget - 16 Jul, 2024

According to JM Financial, any tax cut or increase in limit for tax-saving investments under Sec 80C would be favourable news for FMCG firms such as Godrej Consumer. However, if excise duty or NCCD duty on cigarettes and tobacco products are raised, it would be negative for cigarette makers ITC and Godfrey Phillips.

Godrej Consumer Products Introduces New Mosquito Repellent; Promoter Entity Sells Stake to Family Members - 15 Jul, 2024

Godrej Consumer Products has launched a new mosquito repellent using an indigenously developed molecule Renofluthrin. Meanwhile, promoter entity RKN Enterprises sold its 1.11% stake worth Rs 1,645 crore to other Godrej family members as part of a family settlement plan.

GCPL Introduces New Mosquito Repellent Using Indigenously-Developed Molecule - 13 Jul, 2024

Godrej Consumer Products Ltd (GCPL) has introduced a new mosquito repellent in liquid vapourisers and agarbattis, using an indigenously-developed and patented molecule Renofluthrin. Sudhir Sitapati, CEO of GCPL, believes that a quicker recovery in rural areas is required for the domestic fast-moving consumer goods (FMCG) market to grow in double digits. Despite earnings per share being down 12%, GCPL's revenue is growing nicely.

GCPL's New Mosquito Repellent Molecule Boosts Growth - 12 Jul, 2024

Godrej Consumer Products Ltd. has developed a new mosquito repellant molecule called Renofluthrin that is set to ramp up growth in its home insecticide segment. The company invested in research & development for over 10 years to develop the molecule and its formulations. GCPL holds exclusive rights to use Renofluthrin in its products for six to eight years. With the introduction of Renofluthrin, GCPL aims to reduce the dependency on exports of potentially unsafe molecules from countries such as China.

Godrej Consumer Stock Rises Amidst Positive FMCG Sector Performance - 10 Jul, 2024

Godrej Consumer Products' stock saw an increase amidst positive performance from the FMCG sector. However, CLSA maintained its underperform call on the company due to structural slowdowns in the insecticides category and currency challenges in overseas business.

Godrej Consumer Expects Double-Digit Growth in Home Care and Personal Care Segments - 09 Jul, 2024

Godrej Consumer Products expects strong growth in the home care and personal care segments for Q1 FY25. The company reported flattish Rs sales but double-digit constant currency sales growth and double-digit EBITDA (reported) growth at a consolidated organic level.

Godrej Consumer Reports Double-Digit Volume Growth in Q1 - 08 Jul, 2024

Godrej Consumer Products reported double-digit volume growth in Q1 with broad-based growth across both Home Care and Personal Care. Environmental activist Naoroji holds shares worth nearly Rs 7,000 crore in Godrej companies. Motilal Oswal Financial Services picked Godrej Consumer as one of its top picks for the June quarter earnings season.

Godrej Consumer Products' Promoters Exchange Shares Worth Rs 418 Crore - 04 Jul, 2024

The promoter entities of Godrej Consumer Products Ltd exchanged shares worth Rs 418 crore through open market deals on the BSE, while the company's stock volume surged 38.17 times over its two-week average daily volume.

Godrej Consumer Products Faces Losses Amidst Anticipated Growth - 02 Jul, 2024

Godrej Appliances expects a robust year-on-year volume growth while Godrej Consumer Products reports a net loss of Rs 1893.21 crore for the latest quarter amidst a bearish trend.

Godrej Consumer Products Ltd. Stock Trades 1.12% Up - 01 Jul, 2024

Shares of Godrej Consumer Products Ltd. traded 1.12% up at Rs 1392.0 on Monday, with a price-to-earnings ratio of -251.74 and an EPS value of -5.48. The MACD signalled a bearish bias on the counter. Promoters held 63.21% stake in the company as of 31-Mar-2024.

FMCG Companies Bolster Presence in International Markets - 29 Jun, 2024

Domestic FMCG companies such as Marico and Godrej Consumer Products have increased their presence in international markets, catering to the growing demand for packaged consumer goods. Godrej Consumer Products reported a 7% sales growth in its international business on a constant currency basis for the September quarter, while India business sales grew 1%. The move has helped these companies hedge weak demand on their home turf.

Godrej Consumer Products Witnesses Surge in Volume - 25 Jun, 2024

Godrej Consumer Products Ltd saw a significant surge in trading volume, with 2.41 lakh shares traded on the BSE, representing a 25.19 times increase over the two-week average daily volume of 9585 shares. However, the stock price dropped by 0.70% to Rs.1,371.40.

Godrej Consumer Products Part of Godrej Industries Group - 24 Jun, 2024

Godrej Consumer Products is part of the newly formed Godrej Industries Group (GIG), which includes other listed companies such as Godrej Properties, Godrej Agrovet, and Astec Lifesciences.