In an interview to CNBC-TV18, Vivek Gambhir, Managing Director & CEO, Godrej Consumer Products spoke about what are the demand trends looking like and how are fast moving consumer goods (FMCG) companies gearing up as the festive season gets set to kick off.
In an interview to CNBC-TV18, V Srinivasan, CFO of Godrej Consumer Products spoke about the latest happenings in the company.
Q1 saw a significant dip in profits for Godrej Industries. In an interview to CNBC-TV18, Adi Godrej, Chairman of Godrej Group spoke about the results of the group companies and his outlook for the same.
Poultry stocks have been on a tear and Godrej Industries is in focus as it holds just over 60 percent in Godrej Agrovet, which is into the poultry business. The Godrej Agrovet initial public offering (IPO) is likely to be announced soon to raise up to Rs 400 crore. Godrej Agrovet should do well and monsoon is shaping up very well, Adi Godrej, Chairman of Godrej Group told CNBC-TV18.
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.
On demonetisation Vivek Gambhir, MD, Godrej Consumer Products Limited, had said that the India business is impacted by liquidity crunch more than demand crunch. Now, he is of the opinion that there will be pickup in demand in December and the company will grow in double digits.
For the FMCG sector rural demand is yet to pick up and a lackluster volume growth is expected in this space this quarter, says Anand Mour, FMCG Analyst at ICICI Securities.
CNBC-TV18's Priya Sheth travelled to Haridwar for the first-ever sneak peek into Patanjali's facility in Haridwar for an exclusive chat with the man at the helm, Acharya Balkrishna, MD, Patanjali Ayurveda.
The acquisition of 'Strength of Nature' by Godrej Consumer Products will help the firm's international revenues exceed its Indian sales in FY17, says Godrej Group Chairman Adi Godrej.
Adi Godrej, Chairman, Godrej Group says Canon Chemicals has strong market share in Kenya market, particularly in the petroleum jelly segment, and Godrej already has 4,000 employees there in the Darling business.
Creamline Dairy operates in Andhra Pradesh, Tamil Nadu, Karnataka as well as parts of Maharashtra and has a capacity of nearly seven lakh litre of milk processing a day with revenues of Rs 858 crore for the year-ended March, 2015.
Adi Godrej, Chairman, Godrej group says that going forward the entire sales growth is likely to come from volumes and that weakness in commodity prices will help boost margin.
Vivek Gambhir, MD Godrej Consumers says this deal will provide an opportunity for the company to grow its hair colour business in other markets as well, particularly Latin America.
Godrej Consumer Products Managing Director Vivek Gambhir says advertisement and promotional spends right now account for 15-20 percent of revenues and he is comfortable with that number. However, the company could spend more as it has the comfort of lower input costs to cushion margins
Adi Godrej, chairman of Godrej Group, gave his views on the performance of Godrej Consumer Products and Godrej Properties. He also spoke about the crucial GST Bill.
Vivek Gambhir, managing director, Godrej Consumer Products also assures consumers that he will pass on the benefits of commodity price decline. Though future price cuts will depend on competitive intensity, he adds.
Discussing the current demand trend, Vivek Gambhir, Managing Director of Godrej Consumer Products, said he remains confident of H2FY15 being better than H1.
“Our margins in countries like Argentina, South Africa and Indonesia don‘t depend too much on the currencies because most of our materials are bought locally and selling is also locally,†he said.
The economic slowdown story is now behind us and one has started seeing a turnaround in urban India, says Adi Godgej.
Adi Godrej, chairman of Godrej Group says the group would be equally focused on its local and international businesses, but sees the international business growing faster.
Arumugham Mahendran, former MD, Godrej Consumer Products, would like to enter the pesticide business and is looking at how that sector is doing etc. and whether he can as an entrepreneur enter that sector again.
Adi Godrej, chairman, says demand in the FMCG space remains good and hopes good monsoon rains this year will further fuel rural demand. The rupee depreciation, meanwhile, is likely to increase its raw material costs to an extent.
Vivek Gambhir, CEO - Designate, Godrej Consumer, says in this quarter there has been an increase in ad spends because of significant amount of new launches.
GCPL chairman Adi Godrej, in an interview, on CNBC-TV18, expects the acquisition of Soft & Gentleto be accretive in the first year and is optimistic that the UK business will continue to outperform the market.
In an interview to CNBC-TV18, A. Mahendran, MD, Godrej Consumer Products Ltd explained what will be the advantages to Godrej consumers and such soap makers due to export tax cut on palm oil by Malaysia. Although he believes that it won't be much of an impact for this quarter.