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.
Brands that Build India this week focuses on a homegrown personal care brand that is almost as old as independent India. In a crowded market with high penetration and quite often little product differentiation -- take a look at what keeps Cinthol fresh after 62 years.
Angel Broking says the company's Q1 consolidated net profit of Rs 133 crore was, in particular, well below estimates. While Godrej Consumer's tax expenses trebled, higher ad spends and wage hike in Indonesia impacted operating profit margin.
Godrej Consumer Products expects prices to remain stable in the near-term given the fall in prices of palm oil, a key ingredient in soaps. But the company may consider product price hikes in the second or third quarter of FY2014, A Mahendran, MD, said on Thursday.
There may have been some slowdown in discretionary spends by consumers, growth across Godrej Consumer Products' key categories -- personal care, hair care and household insectisides -- remains strong, according to a top company official.
Last week, the BCCI terminated the Hyderabad team Deccan Chargers after the cash strapped Deccan Chronicle Holdings failed to make payments, including player salaries.
Godrej Consumer Products has revamped its flagship personal care brand Cinthol. The 60-year old mass-market soap will now be positioned as a premium, youth brand without its traditional masculine image, reports Animesh Das of CNBC-TV18.
Godrej Consumer Products Ltd has set an ambitious target of growing 10 times over the next 10 years from its current turnover of over Rs 4,850 crore through acquisitions as well as normal expansion in both domestic and international markets.
Expect to pay more for your favourite soap soon. Godrej Consumer Products, for instance, plans to raise soap prices further given continued commodity cost pressure, like palm oil, which is a key input.