GODREJCP

Oct 7 (Reuters) - Godrej Consumer Products GOCP.NS said in a second-quarter update on Tuesday that core profit in its consolidated business is likely to decline, on account of a temporary sales disruption after the government's sweeping goods and services tax cuts.

(Reporting by Ananta Agarwal in Bengaluru; Editing by Shreya Biswas
)

(([email protected];))

Sept 19 (Reuters) - Godrej Consumer Products Ltd GOCP.NS:

• GODREJ CONSUMER PRODUCTS LTD - INFUSES USD 85 MILLION IN SUBSIDIARY GMAHL

Source text: ID:nBSE31nfr4

Further company coverage: GOCP.NS

(([email protected];;))

Adds new quotes

Sept 4 (Reuters) - India late on Wednesday announced tax cuts on hundreds of consumer items ranging from soaps to small cars to spur domestic demand, and simplified its complicated goods and services tax structure to two rate slabs from four, with some exceptions for luxury and "sin" goods.

The benchmark BSE Sensex .BSESN and Nifty 50 .NSEI rose as much 1.1% on Thursday. By 11:55 IST, they pared some gains and were up about 0.5% each.

Here is how the industry has reacted:

ANISH SHAH, GROUP CEO & MD, MAHINDRA GROUP

"The next-generation GST reforms... mark a defining moment in India's journey towards building a simpler, fairer and more inclusive tax system.

"At Mahindra, we view these reforms as transformative. They simplify compliance, expand affordability, and energise consumption, while enabling industry to invest with greater confidence."

SAURABH AGARWAL, PARTNER & AUTOMOTIVE TAX LEADER, EY INDIA

"The rationalization of GST rates on automotive vehicles and parts is a truly welcome and significant development. By making vehicles more affordable across all segments, this move will not only boost consumer spending but also simplify complex classification disputes that have long burdened the industry."

SAMIR SHAH, EXECUTIVE DIRECTOR & CFO, HDFC ERGO GENERAL INSURANCE COMPANY

"The GST Council decision to exempt individual health insurance from GST is a welcome development. This move aligns perfectly with the broader ambition of the regulator of 'Insurance for All by 2047,' providing a tangible step forward in that direction.

NILESH SHAH, MANAGING DIRECTOR, KOTAK MAHINDRA ASSET MANAGEMENT CO

"The GST announcement lowers inflation, increases growth, boosts consumer sentiment, doesn't disturb the path of fiscal consolidation, improves ease of doing business and partially offers adverse effects of tariffs."

SHAILESH CHANDRA, PRESIDENT, SOCIETY OF INDIAN AUTOMOBILE MANUFACTURES

"This timely move is set to bring renewed cheer to consumers and inject fresh momentum into the Indian automotive sector... these announcements will significantly benefit first-time buyers and middle-income families, enabling broader access to personal mobility."

C S VIGNESHWAR, PRESIDENT, FEDERATION OF AUTOMOBILE DEALERS ASSOCIATIONS

"This is a decisive step that will boost affordability, spur demand, and make India's mobility ecosystem stronger and more inclusive.

"One area that may need earliest clarification is about levy and treatment of cess balances currently lying in dealers' books, so that there is no ambiguity during transition."

SANJEEV ASTHANA, CEO, PATANJALI FOODS LIMITED

"At Patanjali Foods, we are fully committed to passing on these benefits to our consumers. This initiative will not only enhance FMCG penetration across urban and rural India but also act as a catalyst for broader economic revival... categories such as ghee, soaps, biscuits, noodles, honey, and chyawanprash will benefit from this reduction."

RADHIKA RAO, SENIOR ECONOMIST AT DBS BANK

"Lower GST rates will be positive for growth in the second half of the year and FY27, besides improving operational efficiency and expanding the size of the formal economy."

SHRIPAL SHAH, MD & CEO, KOTAK SECURITIES

"The GST rate cuts ... should directly boost demand, help traders and businesses see higher volumes, and may even favourably impact next quarter's earnings... The key will be how quickly companies pass on the benefits to customers."

DEVARSH VAKIL, HEAD OF PRIME RESEARCH, HDFC SECURITIES

"The GST reforms represent a paradigm shift toward economic rationality... Combined with RBI rate cuts, FY26 income tax rebates and moderating inflation, these reforms create multiple stimuli for consumption and economic growth."

SUDARSHAN VENU, CHAIRMAN, TVS MOTOR COMPANY

"It's a welcome move as it will help two wheelers become more accessible and also help those looking to upgrade."

NEERAJ AKHOURY, PRESIDENT, CEMENT MANUFACTURERS' ASSOCIATION AND MANAGING DIRECTOR, SHREE CEMENT

"Bringing GST down to 18% corrects a long-standing anomaly, aligns cement with other core building materials and enhances global competitiveness."

NITIN RAO, CEO, INCRED WEALTH

" (I am ) positive this will play out, though a small concern remains where recent measures like the rate cuts and budgetary measures taken on reduced taxes have not created the necessary consumption boosters."

RAHUL SINGH, CIO-EQUITIES, TATA ASSET MANAGEMENT

"The GST rate rationalisation, following the income tax cuts and lower interest rates, is a serious effort to boost consumption and hence the overall economic growth outlook.

"While the direct beneficiaries include consumer, autos, cement, healthcare and insurance sectors, the second order beneficiaries in terms of growth will be retail banks & NBFCs."

RAJNEESH KUMAR, CHIEF CORPORATE AFFAIRS OFFICER, FLIPKART GROUP

"By lowering input costs for farmers, simplifying compliance for MSMEs and enabling small sellers, artisans/weavers and smallholder farmers to seamlessly join e-commerce across states, these reforms will further strengthen India's growth engine."

SHEETAL ARORA, CEO, MANKIND PHARMA

"By removing GST on lifesaving rare-disease and oncology therapies and reducing it on essential medicines and diagnostics, the government has signalled that affordability and innovation can go hand in hand."

AMIT PAITHANKAR, CEO OF WAAREE ENERGIES

"The reduction will lower project costs and accelerate the capacity addition needed to meet India’s clean energy targets."

ARNAB BANERJEE, MD & CEO, CEAT

"By addressing a long-standing demand of the industry, the Council has not only provided a boost to the automotive ecosystem but also created room for greater formalisation, compliance, and sustainable growth in the sector."

SHENU AGARWAL, MD & CEO, ASHOK LEYLAND

"The specific relief for the commercial vehicle industry is especially welcome. On one hand, it will spur freight traffic, and on the other, it will bring down the cost of buses and trucks."

AASIF MALBARI, CHIEF FINANCIAL OFFICER, GODREJ CONSUMER PRODUCTS LTD

"This is a positive trigger for demand and a strong driver of volume growth. This move will ultimately contribute to overall economic momentum. We are fully committed to ensuring that the GST rates reduction benefits are passed on to consumers."

VENKATRAM MAMILLAPALLE, MANAGING DIRECTOR, RENAULT INDIA

"We believe the reform will accelerate rural and urban demand alike, boost manufacturing and contribute strongly to India's economic momentum."

UNSOO KIM, MANAGING DIRECTOR, HYUNDAI MOTOR INDIA

"The GST overhaul will directly benefit the automotive sector. The announced reforms align seamlessly with the government's commitment to Viksit Bharat and the Make in India initiative, encouraging domestic manufacturing and boosting demand across both urban and rural markets."

(Reporting by Chandini Monnappa, Bharath Rajeswaran, Manvi Pant, Kashish Tandon, Meenakshi Maidas, Nandan Mandayam, Yagnoseni Das, Vivek Kumar M and Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala and Nivedita Bhattacharjee)

(([email protected]; https://www.linkedin.com/in/chandini-monnappa-8a37b013b/;))

** Shares of Godrej Consumer Products GOCP.NS rise as much as 6% to 1,264 rupees rupees

** FMCG co will deliver Q1 Y/Y India rev growth in high-single digits, consol rev growth in double-digits

** Goldman Sachs sees strong volumes, EBITDA growth over next 2–3 years, driven by a turnaround in the home insecticides and fabric care divisions, margin gains from lower input costs

** Macquarie expects 5% volume growth for co in Q1, EBITDA to rise 7% Y/Y

** Nomura sees recent softness in palm oil supporting co's Q/Q margin improvement from Q2

** Mean rating on stock is "buy"; median PT 1,394 rupees - data compiled by LSEG

** GOCP last up 4.7%, adding to YTD gains of 10.2%

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

Updates throughout with Godrej Consumer outlook

July 4 (Reuters) - Honey-to-packaged juice maker Dabur India DABU.NS expects first-quarter operating profit growth to marginally lag a low single-digit rise in revenue, while peer Godrej Consumer said its core profit margin will be below its targeted range.

Dabur's quarterly earnings will be hurt by weaker beverage sales caused by unseasonal rains and a shorter summer, it said in a statement on Friday.

In the first quarter of its fiscal 2024-2025 financial year, the company's operating profit rise of 8.3% was higher than its revenue growth of 7%.

India's consumer goods sector has been under pressure in urban markets for several quarters as customers reeling from high costs of living cut back on discretionary purchases.

Separately, Godrej said on Friday its first-quarter standalone earnings before interest, taxes, depreciation and amortization margin would be below its target range, but were expected to improve. The company has also been dealing with volatile palm oil prices, which have hurt its personal care segment that sells soaps.

It said palm oil prices started moderating towards the end of June, and the benefits will be realized in the second half of fiscal year 2026. The company is, however, on track to deliver high-single digit consolidated revenue growth and double-digit consolidated EBITDA growth for the year, it added.

Dabur said the Indian consumer goods sector experienced sequential recovery in demand in the first quarter ended June, with an uptick in volume growth.

It said it was planning to focus on its 'Activ' juices, which contain no added sugar or preservatives, to capitalize on the rising trend of middle-class Indians becoming more health conscious. Beverages made up 17% of its revenue in fiscal year 2025.

(Reporting by Hritam Mukherjee and Ananta Agarwal in Bengaluru; Editing by Sonia Cheema and Emelia Sithole-Matarise)

(([email protected]; X: @MukherjeeHritam;))

May 6 (Reuters) - Godrej Consumer Products Ltd GOCP.NS:

• GODREJ CONSUMER PRODUCTS Q4 CONSOL NET PROFIT 4.12 BILLION RUPEES; IBES EST. 4.82 BILLION RUPEES

• GODREJ CONSUMER PRODUCTS Q4 CONSOL SALE OF PRODUCTS 35.78 BILLION RUPEES

• GODREJ CONSUMER - DIVIDEND 5 RUPEESPER SHARE

Further company coverage: GOCP.NS

(([email protected];))

By Praveen Paramasivam

April 16 (Reuters) - Indian dairy firm Heritage Foods HEFI.NS will increase the prices of its products this financial year to offset rising costs such as fuel and raw material expenses, its CEO told Reuters.

Consumer goods majors, including Nestle India NEST.NS and Cinthol soapmaker Godrej Consumer Products GOCP.NS, are hiking prices to battle a double whammy of a slowdown in consumer spending and higher costs.

"The price increase will be across the board, not specifically on milk," Heritage CEO Srideep Kesavan said last week. "It will also be on paneer and other dairy products ... in line with covering our costs increase."

A one-litre pouch of Heritage toned milk is priced at 53 rupees (62 U.S. cents). The company intends to increase the price by 1 to 2 rupees, or 2%-4%, in the financial year that started on April 1.

In comparison, the prices of milk and milk products in India rose 2.6%-2.9% in the January-March quarter, still below the broader inflation rate, according to government data.

Heritage, which mainly caters to the Southern states, raised milk prices earlier this year, its first increase in nearly two years.

It also plans to expand its footprint this year to 350,000 stores from 250,000 currently, including deeper growth in existing markets such as Chennai.

PROTEIN DEFICIENCY IN INDIA

Dairy brands, from Amul to Milky Mist, have lately been highlighting the amount of protein on packages of everything from cottage cheese to curd as affluent Indians strive to meet daily protein requirements.

Surveys indicate a majority of Indians have a protein-deficiency due to a largely vegetarian diet.

But Heritage, according to Kesavan, will focus more on maintaining the taste of its products rather than reformulating its products to add more protein.

"Taste is more important than loud claims," he said.

($1 = 85.9450 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Sonia Cheema)

(([email protected]; +91 867-525-3569;))

By Praveen Paramasivam

CHENGALPATTU, India March 10 (Reuters) - India's Godrej Consumer Products GOCP.NS will keep raising prices of its soaps gradually to protect margins amid rising palm oil prices, the consumer goods maker's top boss said on Monday.

Palm oil prices have surged in recent months due to floods in top producers Indonesia and Malaysia, forcing consumer goods makers, including Dove soapmaker Hindustan Unilever HLL.NS and Cinthol owner Godrej Consumer, to raise prices.

"We have not recovered the full extent of the costs yet," Godrej Consumer CEO Sudhir Sitapati told Reuters in the southern Indian state of Tamil Nadu.

It would take 2-to-3 quarters to widen margins, but the company will not push up prices suddenly, the CEO said.

Sitapati does not expect the price hikes to have an impact on sales as palm oil-based products, including soap, tend "not to be discretionary" goods that consumers can forgo.

Soaps make up about a fifth of Godrej Consumer's revenue.

Middle-class Indians, particularly city dwellers, have been cutting spending on everything from cookies to fast food due to elevated inflation and slowing economic growth.

The impact of palm oil prices on margins of larger rival Hindustan Unilever, which has been reformulating its soaps to cut the use of palm oil, is lower, analysts have said.

Godrej Consumer's CEO ruled out reformulating soaps to reduce the use of palm oil.

The company's gross margin narrowed 175 basis points during the October-to-December period from a year earlier, the first shrinkage in two years, as prices of palm oil surged.

(Reporting by Praveen Paramasivam in Chengalpattu; Editing by Mrigank Dhaniwala)

(([email protected]; +91 867-525-3569;))

By Praveen Paramasivam

Feb 1 (Reuters) - India's plans to cut personal income tax rates will put more disposable income in the hands of the people and eventually boost consumption in the world's fifth-largest economy, executives from automobile and consumer firms said on Saturday.

This comes after the government said that people earning up to 1.28 million rupees ($14,800) per year will not have to pay any taxes, raising its threshold from 700,000 rupees. It also cut tax rates for people earning above the new threshold.

Consumption in the Indian economy has been under stress in the last few quarters as shoppers tightened their purse strings amid stubborn inflation and modest wage growth.

"Tax reforms benefiting the middle class will increase disposable income, further fuelling demand across essential and aspirational categories," Aasif Malbari, CFO of Godrej Consumer Products GOCP.NS, said.

The government's announcement sent the shares of consumer goods .NIFTYFMCG, autos .NIFTYAUTO and realty <.NIFTYREAL> firms up by 1.7%-3.6% on Saturday.

"The tax cut is going to be a helpful factor in accelerating demand for various kinds of consumer products," RC Bhargava, chairman of Maruti Suzuki India MRTI.NS, told TV channel ET Now.

(Reporting by Praveen Paramasivam; Editing by Dhanya Skariachan and Sonia Cheema)

(([email protected]; +91 867-525-3569;))

** Shares of Godrej Consumer Products GOCP.NS fall 2.6% to 1,101 rupees after co's Q3 report

** Co's Q3 profit of 4.98 bln rupees ($57.66 million) below analysts' estimate of 5.39 bln

** Despite 3% rev growth, underlying volumes flat y/y on prolonged slowdown in urban demand and price hikes

** With session's loss, stock extends 12-month decline to ~4% vs 1.72% gain in the Nifty consumer goods index .NIFTYFMCG

** GOCP rated 'buy' on avg by 32 analysts; median PT at 1385 rupees - as per data compiled by LSEG

($1 = 86.3740 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

Jan 24 (Reuters) - Godrej Consumer Products Ltd GOCP.NS:

• Q3 CONSOL NET PROFIT 4.98 BILLION RUPEES; IBES EST. 5.39 BILLION RUPEES

• Q3 CONSOL SALE OF PRODUCTS 37.49 BILLION RUPEES

• DIVIDEND 5 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: GOCP.NS

(([email protected];;))

By Divya Chowdhury and Praveen Paramasivam

DAVOS, Switzerland, Jan 20 (Reuters) - India's economic slowdown is not expected to show up in the country's housing market, Godrej Industries Group Chairperson Nadir Godrej said in an interview on Monday.

Godrej, an Indian conglomerate which mainly targets the "middle category" of India's housing sector, is keeping a close watch on its debt given the cyclical nature of the business and is hopeful of riding out a potential down cycle, he added.

India forecast its slowest economic growth in four years for the year ending March, weeks after the country's central bank lowered its growth outlook for the next financial year.

Middle class Indians in the country's major cities are already cutting spending due to persistent inflation.

A slowdown is not evident in the housing sector, which struggles during downturns, and nor is one imminent, Godrej told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.

A Reuters poll published last month forecast house prices in India will rise steadily over the coming years, driven mainly by demand from wealthy individuals. But rising inflation will make owning a property unattainable for most.

Godrej's group, which has annual revenue of more than $6 billion, includes Godrej Properties GODR.NS as well as animal feed and vegetable oil manufacturer Godrej Agrovet GODE.NS and Cinthol soapmaker Godrej Consumer Products GOCP.NS.

Godrej said India's rural economy is improving due to an increase in consumption in villages.

(Join GMF, a chat room hosted on LSEG Messenger, for live interviews: https://lseg.group/4ajdDTy)

(Reporting by Divya Chowdhury in Davos and Praveen Paramasivam in Chennai; Editing by Alexander Smith)

(([email protected]; +91 867-525-3569;))

Corrects media packaging code; no changes to text

By Sethuraman N R

Dec 9 (Reuters) - Shares of India's Godrej Consumer Products GOCP.NS slumped 9% on Monday, set for their worst day since March 2020 and dragging down its peers in the fast moving consumer goods sector after the firm warned of stress on demand and profit margins in the third quarter.

The stock fell to its lowest since Jan. 18, its biggest one-day percentage drop since the onset of the pandemic. The decline dragged down the consumer goods index .NIFTYFMCG by 2.2%. The benchmark Nifty 50 .NSEI was down about 0.1% on the day.

Including Monday's decline, the consumer index has shed about 14% so far this quarter and is set for its worst ever quarterly performance as Indian consumer companies continue to feel the pinch of still-high inflation and a consequent fall in demand.

Godrej Consumer said on Friday that two-thirds of its India business is under demand and margin stress due to higher raw material costs and unfavourable weather.

The company's update will "likely add to investor concerns" on the consumer industry as a whole, which has been facing a slowdown, Jefferies said in a note.

To partly offset higher costs in palm oil, a key ingredient for Godrej's soap business that contributes one-third to its standalone revenue, the company undertook measures including price increases during the quarter.

"Such pricing actions typically have minimal impact on category consumption but do result in reduced inventory across wholesale and household pantry," Godrej said.

The warning by Godrej will also impact peers, Jefferies said, adding that recent analyst meetings with Hindustan Unilever HLL.NS and Colgate-Palmolive India COLG.NS have not provided confidence about a recovery in consumption.

(Reporting by Sethuraman NR; Editing by Sonia Cheema)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Dec 6 (Reuters) - Godrej Consumer Products Ltd GOCP.NS:

• GODREJ CONSUMER - SEES STANDALONE BUSINESS TO REPORT AROUND FLATTISH UVG , MID-SINGLE DIGIT SALES GROWTH IN Q3

• GODREJ CONSUMER - SEES TEMPORARY DOWNWARD BREACH OF NORMATIVE MARGINS IN Q3 FOR STANDALONE

• GODREJ CONSUMER - SEES FOURTH CONSECUTIVE QUARTER OF HEALTHY EBITDA MARGINS FOR GAUM REGION IN Q3

Source text: ID:nBSE6ymCzx

Further company coverage: GOCP.NS

(([email protected];))

By Praveen Paramasivam, Shivangi Acharya

CHENNAI/NEW DELHI, Nov 13 - India's city dwellers are cutting spending on everything from cookies to fast food as persistently high inflation squeezes middle class budgets, threatening the country's brisk economic growth.

Slowing urban spending over the past three to four months has not only hurt the earnings of largest consumer goods firms, it has raised questions about the structural nature of India's long-term economic success.

Since the end of the pandemic, India's economic growth has been driven in large part by urban consumption, however, that now seems to be changing.

"There is a top end – the people with money are spending like that is going out of style," Nestle India Chairman Suresh Narayanan said.

"There used to be a middle segment, which used to be the segment that most of us fast moving consumer goods (FMCG) firms used to operate in, which is the middle class of the country, that seems to be shrinking."

Nestle India, which makes Kit Kats and other well-known goods, reported its first quarterly revenue drop since the COVID-hit June quarter in 2020.

While there is no officially defined income bracket for Indian middle class households, they are broadly estimated to account for a third of India's 1.4 billion people.

They are considered a key demographic both economically and politically, with middle class frustration seen as a significant factor behind Prime Minister Narendra Modi's weaker election performance this year.

Asia's third-largest economy is expected to expand 7.2% in the financial year ending March 2025, the fastest among its major peers.

Belying those rosy projections, however, are signs of a sharp slowdown in the household sector.

Indian urban consumption hit a two-year low this month, according to an index published by Citibank that captures indicators such as airline bookings, fuel sales and wages.

"While some of the fall could be temporary, the key macro drivers remain unfavourable," Citi's chief India economist Samiran Chakraborty said.

Growth in inflation-adjusted wage costs for listed Indian firms - a proxy for earnings of urban Indians - has remained below 2% for all the three quarters of 2024, well below the 10-year average of 4.4%, data from Citi showed.

Chakraborty cites this as a key factor impacting urban consumption, along with declining savings and tighter rules for personal loans.

Headline inflation has averaged 5% over the past 12 months, but food inflation has held above 8% as weather shocks elevated prices of vegetables, cereals and other essential foods. In October, retail inflation hit a 14-month high of 6.2% while food prices jumped to 10.9%.

Anecdotal data suggests retail sales rose close to 15% year-on-year during the 2024 festive season, which runs from August to November, Nomura said in a note last week, about half last year's pace.

"During this festival season, we have not spent at all," said Rajwanti Dahiya, 60, who survives on her husband's monthly pension of 30,000 Indian rupees ($356.76).

"Savings are low, barely there."

A 'SHRINKING' MIDDLE

India's central bank expects 7.2% GDP growth for the fiscal year ending March 2025 on the back of improved rural demand and a strong services sector.

Higher government investment could also support demand, said Rahul Bajoria, head of India and ASEAN economic research at Bank of America.

"If government spending kicks in, that probably does have some multiplier effects on private consumption spending as well," said Bajoria, who expects GDP growth at 6.8% in the current financial year.

Some are less optimistic with Citi and IDFC First Bank economists expecting GDP growth in the July-September quarter to miss the central bank's projected 7%, weighed by slower urban consumption.

That pessimism has hit consumer stocks with the Nifty FMCG index .NIFTYFMCG declining 13% since Oct. 1, compared with a 7.4% drop in the benchmark Nifty 50 .NSEI.

Of the FMCG index's 15 constituent firms, only one reported a pickup in sales volume growth in the September quarter.

Consumers in large cities are swapping branded items from hair oil to tea for cheaper unbranded alternatives, reflected in the first sales volume decline in 11 quarters for the foods and refreshment group at Hindustan Unilever.

"We see the growth in big city standing down, although in smaller cities and in rural the growth continues to be good," Hindustan Unilever chief executive Rohit Jawa said last month, after reporting lower than expected earnings.

Consumers are also cutting back on dining out.

Fast-food chains such as McDonald's, Burger King, Pizza Hut and KFC posted same-store sales declines, earnings showed.

While people are still coming, they are choosing cheaper meals, Rajeev Varman, CEO at Burger King operator Restaurant Brands Asia RESR.NS said after posting a 3% drop in quarterly same-store sales.

"We prefer budget-friendly stores that give good deals and discounts to manage our monthly expenditure," said 37-year old Avinash Crasto, a Mumbai marketing and sales executive who has a family of four and identifies as middle class.

($1 = 84.0640 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai and Shivangi Acharya in New Delhi; Editing by Sam Holmes)

(([email protected]; +91 867-525-3569;))

Oct 24 (Reuters) - Godrej Consumer Products Ltd GOCP.NS:

• GODREJ CONSUMER PRODUCTS Q2 CONSOL NET PROFIT 4.91 BILLION RUPEES; IBES EST. 4.86 BILLION RUPEES

• GODREJ CONSUMER PRODUCTS Q2 CONSOL SALE OF PRODUCTS 36.47 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: GOCP.NS

(([email protected];))

Aug 7 (Reuters) - Godrej Consumer Products Ltd GOCP.NS:

• GODREJ CONSUMER PRODUCTS Q1 CONSOL NET PROFIT 4.51 BILLION RUPEES; IBES EST. 4.92 BILLION RUPEES

• GODREJ CONSUMER PRODUCTS Q1 CONSOL SALE OF PRODUCTS 33.11 BILLION RUPEES

• GODREJ CONSUMER - DIVIDEND 5 RUPEES PER SHARE

• GODREJ CONSUMER - GCPL TO INVEST 5 BILLION RUPEES OVER 5 YEARS IN UNIT FOR PET CARE BUSINESS

• GODREJ CONSUMER - GCPL PLANS TO COMMENCE PET FOOD BUSINESS PRODUCTION IN SECOND HALF OF FY 2026

• GODREJ CONSUMER - GODREJ PET CARE TO HAVE MANUFACTURING AGREEMENT WITH GAVL

• GODREJ CONSUMER - APPROVED ENTRY OF CO INTO NEW BUSINESS - PET CARE, THROUGH UNIT

Further company coverage: GOCP.NS

(([email protected];))

July 8 (Reuters) - Godrej Consumer Products Ltd GOCP.NS:

• AT CONSOLIDATED LEVEL, EXPECT FLATTISH INR SALES FOR Q1

• AT CONSOLIDATED LEVEL, EXPECT DOUBLE-DIGIT CONSTANT CURRENCY SALES GROWTH FOR Q1

• OPERATING CONDITIONS IN INDIA CONTINUE TO REMAIN SOFT IN Q1

• IN Q1, INDIA BUSINESS SAW HIGH-SINGLE DIGIT ORGANIC VOLUME, MID-SINGLE DIGIT VALUE GROWTH

Source text for Eikon: ID:nNSE8fWt33

Further company coverage: GOCP.NS

(([email protected];))

BENGALURU, July 5 (Reuters) - Parachute oil maker Marico MRCO.NS on Friday said sales volume growth at home saw a modest increase in the first quarter ended June 30 as demand improved gradually with consumers spending more on personal care and cooking products.

Rivals Dabur DABU.NS, Godrej Consumer Products GOCP.NS and Adani Wilmar ADAW.NS are yet to post quarterly updates.

WHY IT'S IMPORTANT

Volume trends from key consumer goods companies, which sell everything from hair oil, cooking oils to oats, are seen as an important indicator of consumption patterns in the country.

KEY CONTEXT

Marico makes more than a quarter of its sales from rural India, while rival Dabur brings in almost half of its overall sales from villages and small towns. Both are expected to be key beneficiaries of the recovery in rural demand.

Rural demand, which was dampened in financial year 2024 due to persistently high inflation and consumers tightening their wallets, has been gradually recovering as companies cut prices of their products, as per analysts.

However, that demand has not yet fully recouped.

BY THE NUMBERS

Marico's consolidated revenue in the three-month period grew by a high single-digit percentage, despite the residual impact of pricing cuts in its cooking oils business and currency headwinds in overseas markets, the company said. Its March-quarter revenue had grown 2%.

Its domestic business posted a "modest uptick" in underlying volume growth sequentially, while the international business saw double-digit growth, Marico added.

Marico had posted low single-digit percentage growth or a fall in revenue for eight straight quarters.

(Reporting by Varun Hebbalalu and Ashna Teresa Britto in Bengaluru; Editing by Nivedita Bhattacharjee and Sohini Goswami)

(([email protected];))

May 31 (Reuters) - Cupid Ltd CUCO.NS:

• RECEIVES VENDOR APPROVAL FROM GODREJ CONSUMER PRODUCTS LIMITED (GCPL) FOR SUPPLY OF KAMASUTRA CONDOMS

Source text for Eikon: ID:nBSE9qZR97

Further company coverage: CUCO.NS

(([email protected];;))

May 6 (Reuters) - Godrej Consumer Products Ltd GOCP.NS:

• GODREJ CONSUMER PRODUCTS Q4 CONSOL NET LOSS 18.93 BILLION RUPEES

• GODREJ CONSUMER PRODUCTS Q4 CONSOL SALE OF PRODUCTS 33.65 BILLION RUPEES

• GODREJ CONSUMER PRODUCTS YEAR AGO Q4 CONSOL PROFIT 4.52 BILLION RUPEES, SALE OF PRODUCTS 31.72 BILLION RUPEES

Further company coverage: GOCP.NS

(([email protected];;))

Corrects to "agrees" from "agree" in headline

BENGALURU, May 1 (Reuters) - India's Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej Industries, according to a filing late on Tuesday.

The realignment will be implemented after the relevant regulatory approvals have been obtained, after which the two companies will continue to use the Godrej brand, it added.

Godrej Enterprises Group (GEG) will be headed by 75-year-old Jamshyd Godrej as chairperson and managing director and his niece Nyrika Holkar as executive director.

GEG operates across aerospace, aviation, defence and liquid engines among others.

Jamshyd Godrej was earlier serving as managing director and chairman of Godrej & Boyce, the privately held company, founded in 1897.

Nadir Godrej, 73, will serve as chairperson of Godrej Industries Group (GIG), which operates via listed companies including Godrej Industries GODI.NS, Godrej Consumer Products GOCP.NS, Godrej Properties GODR.NS, Godrej Agrovet GODE.NS and Astec Lifesciences ASTE.NS. GIG will be controlled by Nadir's brother Adi Godrej and their immediate family.

82-year-old Adi Godrej stepped down as chairman of Godrej Industries in August 2021, handing over the reign to his brother, Nadir Godrej.

Adi Godrej's son Pirojsha Godrej will be named chairperson of GIG, succeeding Nadir Godrej in August 2026.

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Eileen Soreng)

(([email protected];))

BENGALURU, April 5 (Reuters) - India's Godrej Consumer Products GOCP.NS said on Friday that its operating conditions in India continued to remain subdued, with demand taking a hit due to an extended winter, while the devaluation of the Nigerian currency further hurt revenue.

The company, which makes the GoodKnight brand of household insecticides and the KamaSutra brand of sexual wellness products, had reported its slowest total revenue growth in 14 quarters in December-quarter, hurt by beleaguered demand for its products as India's inflation surged.

This continued into the March quarter as well, as an extended winter in the north and east of India meant that customers opted to buy fewer of Godrej's household insecticide products.

In addition, the devaluation of the Nigerian currency Naira in January brought about a double-digit decline in sales in Indian rupee terms, the company said in its update.

Africa accounts for over 25% of the company's revenue, as of Dec. 31.

However, the India organic business continued to deliver strong underlying volume growth in the high-single-digit percentage across both the home care and personal care segments, the company said.

Its Indonesia operations, which contributed nearly 13% of Godrej's revenue in the December quarter, delivered double-digit percentage sales growth, it added.

Rival Dabur India DABU.NS had noted a day earlier that overall demand remained "sluggish".

Godrej's shares closed 2.8% higher ahead of the update, marking a 7% increase so far this year.

($1 = 83.2963 Indian rupees)

(Reporting by Ashna Teresa Britto and Navamya Ganesh Acharya in Bengaluru; Editing by Janane Venkatraman )

(([email protected];))

Feb 19 (Reuters) - Godrej Consumer Products Ltd GOCP.NS:

• GODREJ CONSUMER PRODUCTS LTD- ENTERED INTO AN AGREEMENT FOR DIVESTING ITS ENTIRE STAKE IN WHOLLY OWNED SUBSIDIARY VIZ. GODREJ EAST AFRICA

• GODREJ CONSUMER PRODUCTS LTD-DEAL FOR USD 3.5 MILLION

Source text for Eikon: ID:nBSE7jLZBT

Further company coverage: GOCP.NS

(([email protected];))

** Shares of Godrej Consumer Products GOCP.NS rise as much as 9.8% to a record high of 1,278 rupees

** GOCP top gainer on the Nifty FMCG Index .NIFTYFMCG

** Fast moving consumer goods co reported a 6.1% rise in Q3 profit, beating analysts' estimates

** Jefferies raises PT to 1,520 rupees from 1,400 rupees, retains "buy" rating

** Says GOCP saw better volumes than most peers despite a muted quarter

** Ambit Capital raises PT to 1,243 rupees from 1,170 rupees; expects uptick in long-term growth from domestic business in coming quarters

** Thirty-three analysts covering stock on avg have "buy" rating - LSEG data

** Stock gained more than 14% in Q3; rose 3% in January, marking its fourth consecutive monthly gain

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Jan 31 (Reuters) - Godrej Consumer Products Ltd GOCP.NS:

• Q3 CONSOL NET PROFIT 5.81 BILLION RUPEES; LSEG IBES EST. 5.62 BILLION RUPEES

• Q3 CONSOL SALE OF PRODUCTS 36.23 BILLION RUPEES

• YEAR AGO Q3 NET PROFIT 5.46 BILLION RUPEES, SALE OF PRODUCTS 35.68 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: GOCP.NS

(([email protected];))

Adds analyst comment, details on results

By Praveen Paramasivam

CHENNAI, Jan 19 (Reuters) - Hindustan Unilever (HUL) HLL.NS, the Indian arm of UK's Unilever ULVR.L, posted a smaller-than-expected increase in quarterly profit on Friday as competition in the consumer goods space heated up and demand in rural regions remained low.

Consumer goods giants, including HUL peers Nestle India NEST.NS and Britannia Industries BRIT.NS, have been struggling with a spending pullback in the rural regions as prices of essentials have shot up.

The festive season did not trigger the expected growth for the industry as consumers, especially in rural India, started to spend cautiously, said Akshay D'Souza, chief of growth and insights at Bizom, which tracks retail trends.

HUL said that the economic recovery in urban areas is outpacing that in the rural regions, but the overall operating environment remains challenging and that the pace of recovery from here on would be determined by a rebound in rural income.

Its profit edged up 0.6% at 25.19 billion rupees ($303.30 million) in the quarter, missing analysts' estimate of 26.8 billion rupees, according to LSEG data.

HUL's sales slipped marginally to 149.28 billion rupees in the quarter, hurt by a drop in its beauty and personal care business, which accounts for 38% of revenue and houses the Dove and Pears brands, among others.

A delayed winter dented the expected pick-up in demand for moisturisers and lotions, the company said.

Sales in its home-care business also fell, with regional players re-entering the fray for market share with deeper-pocketed conglomerates as commodity prices ease.

HUL has cut prices of several products, including detergents and skin cleansers, and said it expects the "competitive intensity (is) likely to stay high."

HUL is the first major consumer goods manufacturer to report quarterly results, with many analysts expecting HUL and Godrej Consumer Products GOCP.NS to be among the worst hit.

($1 = 83.0543 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Janane Venkatraman, Sohini Goswami and Savio D'Souza)

(([email protected]; +91 867-525-3569;))

** Shares of Godrej Consumer Products GOCP.NS down nearly 5% at 1,162.25 rupees after Q3 business update

** GOCP top loser in Nifty FMCG index .NIFTYFMCG, which is down 1.2%

** Co says Q3 sales growth likely to be flattish, volume growth in high-single digits

** Nomura says business update was a negative surprise, with co expecting flat consol sales growth vs brokerage's earlier expectation of 7.7% growth

** Adds India business volume growth in mid-single digits is in-line with expectations; expects price cuts to be only marginal

** Stock declines after gaining 16% in last 11 consecutive sessions

** GOCP up nearly 3% in six sessions so far this year

** Stock climbed 29.4% in 2023, in-line with FMCG index

(Reporting by Rama Venkat and Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Jan 5 (Reuters) - Godrej Consumer Products Ltd GOCP.NS:

• EXPECT TO DELIVER MID-SINGLE DIGIT VOLUME GROWTH IN Q3

• WE CONTINUE TO DRIVE YEAR-ON-YEAR EXPANSION IN EBITDA (INCL. FOREX) MARGIN

• EXPECT TO DELIVER DOUBLE-DIGIT CONSTANT CURRENCY SALES GROWTH IN Q3 AT A CONSOLIDATED LEVEL

• REPORTED SALES GROWTH TO BE FLATTISH IN RUPEES TERMS IN Q3

• INDONESIA BUSINESS CONTINUES TO DELIVER COMPELLING PERFORMANCE, WITH CLOSE TO DOUBLE DIGIT VOLUME GROWTH

• REPORTED VOLUME GROWTH IS LIKELY AT HIGH-SINGLE DIGIT AND REPORTED SALES GROWTH TO BE FLATTISH IN INR TERMS

• ORGANIC BUSINESS DELIVERED STEADY UNDERLYING VOLUME GROWTH OF MID-SINGLE DIGIT

Source text for Eikon: [ID:]

Further company coverage: GOCP.NS

(([email protected];))