The company is also confident of maintaining its advertisement spends at 11-12 percent of total sales in FY16.
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.
Godrej Consumer Products' consolidated profit climbed 34.6 percent year-on-year to Rs 263 crore during October-December quarter, driven by strong operating performance.
Discussing the current demand trend, Vivek Gambhir, Managing Director of Godrej Consumer Products, said he remains confident of H2FY15 being better than H1.
Backed by recent rise in dengue and malaria, Vivek Gambhir, MD, Godrej Consumer Products expects growth to resurge in terms of company‘s household insecticides business, after they witnessed weak sales due to frail monsoon.
“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.
A Mahendran, MD, Godrej Consumer Products, says that the company has been reporting a very good growth rate which is above the category and markets for last two years. He also says that the company is confident to maintain a growth rate of 35 percent as of today.
Godrej Consumer is betting big on the overseas market. A Mahendran, MD of the company says that overseas revenue contributes one-third of the current business.
A Mahendran, MD, Godrej Consumer Products, says that in the FMCG space there are impulse categories and the slowdown will have a bearing in the coming second quarter due to poor monsoons.
Although, the depreciating rupee has been a cause of concern for many sectors, A Mahendran, MD, Godrej Consumer Products said that its impact would be very limited on the company‘s business. In an interview with CNBC-TV18, he further added that changes in the packaging norm is not expected to dent their profitability.
In an interview with CNBC-TV18, Adi Godrej, Chairman, Godrej Industries expects strong growth in Godrej Consumer Products in the next fiscal too. He said that the company is doing exceptionally well in the domestic front.
A Mahendran, MD, Godrej Consumer Products does not expect volumes to be under pressure across the three categories that the company focusses on going forward.
Adi Godrej, chairman and MD of Godrej Consumer in an interview with CNBC-TV18 citing expectations from the relaunched range of Godrej Expert hair colors said, "We expect very strong traction in our hair color business from this relaunch."
FMCG major Godrej Consumer Products (GCPL) has acquired 51% stake in Darling Group, a pan-African hair care company. In an interview with CNBC-TV18, Adi Godrej CMD of the company said, Darling Group will be acquired in three stages and GCPL will ultimately buy 100% stake in the company.
Diversified conglomerate Godrej Industries reported 42.34% increase in consolidated net profit for the quarter ended March 31, 2011. The chairman Adi Godrej expects strong growth in FY12.
Adi Godrej, Chairman of GPCL, in an interview with CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, gave his view on the much awaited RBI’s policy announcement and gave his perspective of the fourth quarter performance and their divulged future plans.
Adi Godrej, CMD of GCPL, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, spoke about the recent happenings in the company and the road ahead.
Regardless of the tepid IIP numbers, Adi Godrej, the Chairman of Godrej Industries defies any waning on consumer demand. In an exclusive interview with CNBC-TV18, he says, “The two year CAGR on IIP is quite high.” He is confident of witnessing high IIP numbers this year and expects GDP growth to continue to be good.