Godrej Group's FMCG unit Godrej Consumer Products has left demonetisation behind in and expects a better show in the fourth quarter ending March 2017. Adi Godrej, Chairman, Godrej Group, said consumption has picked up and FMCG business is doing good. Godrej is also confident of a resurgence in their consumer business, especially the soap segment. Most segments in the consumer business have done well in the January to March period, said Godrej. In last two quarters the soap segment fell 6 and 10 percent respectively. With regards to consumers business.However, it would be difficult to judge the real estate business on a month to month basis, Godrej told CNBC-TV18 from the sidelines of the IIFL Conference. Though the third quarter ending December 2016 was good for real estate, it is more about completing previous orders, he added.
In terms of value unlocking, he said the group is not looking at anything specific but in future would look at the possibility of listing their subsidiary Godrej Agrovet, adding that there are no immediate plans.
Talking about inorganic growth, he said they continue to look for strategic acquisitions especially in Godrej Products and in Godrej Agrovet.
Moreover, with GST coming in FY18 would not only be a better year than FY17 for the company but for the economy as well, said Godrej.
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