The company plans to commercially develop part of its Mysore Sandal Soap Factory premises in Malleshwaram West through a PPP model.
Both soap and shower gel can do wonders when chosen wisely. What’s more important is to understand your skin’s needs and the environment you live in. Think of soap as your dependable everyday cleanser and shower gel as your pampering weekend ritual.
Karnataka Soaps and Detergents Limited (KSDL) is also set to launch the ‘Mysore Sandal Millennium Premium Soap’, priced at Rs 3,000
Reacting to criticism over appointing Tamannaah Bhatia as brand ambassador of state-run Karnataka Soaps and Detergents Ltd (KSDL), Karnataka Minister MB Patil defends the Rs 6.2 crore deal, citing her pan-India appeal, digital reach, and youth connect.
State-run Karnataka Soaps and Detergents Ltd (KSDL) signs Bollywood actor Tamannaah Bhatia as brand ambassador for two years as part of its strategy to expand beyond southern markets.
Godrej Consumer is yet to announce how the acquisition will be funded. It roughly has Rs 2,000 crore of cash on books
When the COVID-19 pandemic hit, demand for soap bars soared across the country as people followed medical advice and washed their hands frequently to avoid infection.
Food processing minister Harsimrat Kaur Badal tells Moneycontrol that the government will shortly take a decision on allowing limited sale of home and personal care products (HPC) in global food retail outlets
From soap and shampoo to cement and automobiles, businesses have seen the demonetisation move punching red marks on their balance sheets, even as they continue to put on a brave face on hopes for "long-term gains from this short-term pain".
Surprisingly, its cigarette revenue grew 7 percent in Q2 at Rs 8528 crore against Rs 7963 crore year-on-year. In Q2, EBITDA grew 7.3 percent at Rs 3630 crore against Rs 3383 crore while margins were almost flat at 26.7 percent against 26.8 percent (YoY).
According to a CNBC-TV18 poll, revenue is likely to grow 5.7 percent at Rs 8220 crore from Rs 7774 crore (year-on-year) while volume growth is seen at 6-7 percent. HUL had taken a rural distribution clean up exercise during the quarter which may impact volume growth for the Q3.
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.
Analysts polled by CNBC-TV18 expect Ujala to see better quarter owing to low base and Henko may face see stiff competition from peers post price cut. Soap segment is likely to see better profitability while detergents may see slowdown and revenues may be weak owing to price cuts.
CLSA retains sell rating on the stock with a target price of Rs 740 per share. It has revised FY16-18 earnings per share by 6 percent and tweaked revenue growth assumptions and also lower margins, particularly in soap and detergents.
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.