'Expect to be able to continue to drive profitable growth in Q4 and in FY20,' said CEO Vivek Gambhir.
The company would pass on the benefits of the GST rate cuts to consumers as applicable, although exact quantum is being worked out, said Adi Godrej, Chairman, Godrej Group.
Godrej Consumer Products posted a healthy set of earnings in Q2 with domestic volumes being the big positive. In an interview to CNBC-TV18, Vivek Gambhir, MD & CEO of the company spoke about the results and his outlook going ahead.
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.
In an interview to CNBC-TV18, Vivek Gambhir, MD & CEO of Godrej Consumer Products spoke about the results and his outlook for the company.
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.
Speaking to CNBC-TV18, Vivek Gambhir, MD of the company said that its soap segment is facing challenges, but is expected to normalize in 1-2 quarters.
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.
Speaking to CNBC-TV18‘s Priya Seth, Adi Godrej said that good monsoons will help revive rural demand and expects FY17 to be good for Godrej Agrovet.
Godrej Consumer Products Ltd declared a robust set of numbers, with profits rising 12 percent while net sales grew 7 percent.
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.
Adi Godrej, Chairman at Godrej Industries, says all businesses did particularly well, especially Godrej Properties — its performance exceeded the entire previous year on topline
Godrej Consumer's MD Vivek Gambhir says rural growth has been hit by high inflation and deficient rains. But the overall impact for Godrej Consumer could be cushioned because of its geographical mix as 70 percent of sales comes from urban markets and only 30 percenty from rural markets.
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.
In an interview with CNBC-TV18's Priya Sheth, Godrej Group chairman Adi Godrej outlined the key performance areas and growth drives the company witnessed during the fiscal.