GODREJCP

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)

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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)

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** 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)

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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

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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)

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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)

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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

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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)

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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

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Further company coverage: GOCP.NS

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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

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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

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Adds Adani Wilmar's update throughout

BENGALURU, July 5 (Reuters) - Indian consumer goods companies Marico MRCO.NS, Dabur DABU.NS and Adani Wilmar ADAW.NS reported a pick up in first-quarter revenue growth as demand improved gradually, with consumers spending more on personal care and cooking products.

WHY IT'S IMPORTANT

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

KEY CONTEXT

Marico gets more than a quarter of its sales from rural India, while almost half of Dabur's sales is from villages and small towns. Both are expected to be key beneficiaries of the recovery in rural demand as companies cut prices, analysts said.

The recovery, though, is not complete from last financial year when persistently high inflation forced consumers to tighten their wallets.

Rival Godrej Consumer Products GOCP.NS is also due to post its quarterly update.

BY THE NUMBERS

(Reporting by Varun Hebbalalu and Ashna Teresa Britto in Bengaluru; Editing by Nivedita Bhattacharjee, Sohini Goswami and Savio D'Souza)

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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

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

• DIVIDEND 10 RUPEES PER SHARE

Source text for Eikon: ID:nBSEmyF3F

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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)

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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 )

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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

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** 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)

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BENGALURU, Jan 31 (Reuters) - India's Godrej Consumer Products GOCP.NS reported its slowest total revenue growth in 14 quarters on Wednesday, hurt by beleaguered demand for its products, especially from the country's hinterlands.

The company's consolidated total revenue from operations rose 1.7% to 36.60 billion rupees ($440.7 million) for the three months ended Dec. 31.

While urban demand sustains, consumer goods companies like Hindustan Unilever HVLL.NS and Marico MRCO.NS have been flagging muted rural demand as buyers cut back on spending owing to uneven monsoon and costlier essentials.

Total expenses slipped by 1%, helping the Cinthol soap maker drive a 6.4% rise in net profit at 5.81 billion rupees, surpassing analysts' estimates.

The company introduced newer products in its 'home care' segment to expand offerings at a time when local and cheaper alternatives lure cash-strapped consumers.

It's mainstay domestic business, which formed 60% of the total revenue, rose 9.7%, backed by the sales of its mosquito repellent, air freshener and detergent brands, Godrej Consumer said.

Shares of the company ended 0.7% lower ahead of the results.

($1 = 83.0419 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sohini Goswami)

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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)

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** 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)

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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

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** Shares of Godrej Consumer Products GOCP.NS up as much as 2.3% to 1,118 rupees

** ICICI Securities upgrades stock to "buy" rating; raises price target to 1,260 rupees from 1,050 rupees

** Brokerage says efforts have been made to enhance co's performance in India, focusing on category development and to achieve near double-digit underlying volume growth

** Personal wash (soaps) category continues to gain volume market share gains with brand traction getting stronger - ICICI

** Anticipated high-double-digit volume growth in categories like hair color, air care, liquid detergent, and deodorants - ICICI

** Stock touches highest level since Sept. 16, 2021; on track for a fourth consecutive session of gains, if trends hold

** Average rating of 32 analysts tracking the stock is "buy", median PT is 1,150 rupees- LSEG data

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of Godrej Consumer Products GOCP.NS rise 3.4% after co's Q2 profit jumps

** Stock on track for biggest intraday pct gain since July 5 if trend holds

** The fast moving consumer goods co reported a 20.6% YoY rise in consolidated net profit; sales up 6.1%

** Cost of materials consumed fell 23.9%

** More than 1 mln shares change hands by 10:06 a.m. IST, 1.3x its 30-day avg

** Avg rating of 34 analysts covering the stock is "buy"; median PT is 1,144 rupees - LSEG data

** Stock currently up 1.9%, bumping YTD gains to 13%

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 1 (Reuters) - Godrej Consumer Products Ltd GOCP.NS:

• GODREJ CONSUMER PRODUCTS - UNITS CONSIDERING SIMPLIFICATION OF OPERATIONS OF HAIR FASHION BUSINESS TO ROYALTY MODEL IN SELECTED MARKETS

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

• GODREJ CONSUMER PRODUCTS LTD - IN INDIA, WE WITNESSED WEAK MACROS AND ADVERSE WEATHER CONDITIONS DURING Q2

• GODREJ CONSUMER PRODUCTS LTD - QTRLY ORGANIC BUSINESS DELIVERED STEADY PERFORMANCE WITH MID-SINGLE DIGIT VOLUME GROWTH.

• GODREJ CONSUMER PRODUCTS - QTRLY OVERALL, HOME CARE VOLUMES GREW IN MID-SINGLE DIGIT WHILE PERSONAL CARE GREW IN LOW-SINGLE DIGIT

• GODREJ CONSUMER PRODUCTS LTD - CONTINUE TO DRIVE HEALTHY YEAR-ON-YEAR EXPANSION IN EBITDA (INCL. FOREX) MARGIN ACROSS KEY MARKETS

• GODREJ CONSUMER PRODUCTS LTD - AT A CONSOLIDATED LEVEL (ORGANIC), EXPECT TO DELIVER MID-SINGLE DIGIT VOLUME GROWTH IN Q2

• GODREJ CONSUMER PRODUCTS SEES FOR Q2 DOUBLE-DIGIT CONSTANT CURRENCY SALES GROWTH AND LOW SINGLE DIGIT SALES GROWTH IN INR TERMS

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Aug 10 (Reuters) - Godrej Consumer Products Ltd GOCP.NS:

• GODREJ CONSUMER PRODUCTS TO INVEST 5.15 BILLION RUPEES TO SET UP MANUFACTURING PLANT IN TAMIL NADU

• SIGNS MOU WITH TAMIL NADU STATE GOVERNMENT

• GODREJ CONSUMER PRODUCTS LTD -ESTABLISHMENT OF FACILITY WILL CREATE OVER 400 JOB OPPORTUNITIES IN TAMIL NADU

• TO SERVE AS A MANUFACTURING HUB FOR BRANDS SUCH AS CINTHOL, GOODKNIGHT

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

• GODREJ CONSUMER PRODUCTS LTD- APPROVED A CAPITAL EXPENDITURE OF 9 BILLION RUPEES FOR SETTING UP A NEW MANUFACTURING SITE AT TAMIL NADU AND MADYA PRADESH

• GODREJ CONSUMER PRODUCTS - PLANS TO ADD ABOUT 20% CAPACITY WITH THIS ADDITIONAL INVESTMENT

• GODREJ CONSUMER PRODUCTS LTD- CAPACITY ADDITION IN HOME CARE AND PERSONAL CARE

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Updates with rivals' estimates in paragraphs 6-7; adds details on India, international businesses in paragraphs 8-10; updates shares

BENGALURU, July 6 (Reuters) - Dabur India Ltd DABU.NS said on Thursday it estimated that first-quarter sales increased more than 10%, as easing inflation allowed customers to spend more on the consumer goods company's products.

Demand trends in both urban and rural India improved during the quarter ended June 2023, Dabur said.

The country's annual retail inflation cooled to a more than two-year low in May as cost pressures on food eased, making room for people to spend more on consumer products.

Easing inflation is expected to lead to year-on-year expansion in gross margin in the quarter, according to the company, which makes products such as Dabur Red toothpaste and Real Activ packaged juice.

Dabur also expects the improvement in gross margin to continue for the full year.

Earlier this week, rivals Godrej Consumer Products GOCP.NS, Marico MRCO.NS and Adani Wilmar ADAW.NS released a mixed bag of quarterly estimates.

While Godrej Consumer estimated its sales rose in the double-digit percentage range during the quarter, Adani Wilmar and Marico estimated their sales in the three months took a hit.

Dabur's international business - comprising 25.1% of its total sales last fiscal year - is expected to report double-digit sales growth in the first quarter, the firm said.

Its India business is expected to post high single-digit growth.

The domestic healthcare and home and personal care segments are also projected to grow in double digits, backed by mid-single-digit volume growth. The two segments combined contributed close to 80% of total domestic sales last year.

Unseasonal rains and a moderate summer, however, led to a muted quarter for the company's food and beverages segment, it added.

Dabur expects growth in its profit after tax to be lower than growth in its operating profit due to expenses related to its acquisition of spices and seasoning maker Badshah Masala.

Shares of Dabur are up 5.4% so far this year, underperforming the Nifty FMCG index .NIFTYFMCG, which is up 21.72%.

(Reporting by Ashish Chandra in Bengaluru; Editing by Savio D'Souza, Shilpi Majumdar, and Janane Venkatraman)

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

• OVERALL CONSUMER DEMAND REMAINED STEADY AS SEEN IN PREVIOUS FEW QUARTERS IN Q1

• SALES GROWTH WAS MARGINALLY HIGHER THAN MID-SINGLE DIGIT IN Q1

• DOUBLE-DIGIT VOLUME GROWTH IN HOME CARE, HIGHER THAN MID-SINGLE DIGIT VOLUME GROWTH IN PERSONAL CARE IN Q1

• PASSED ON BENEFITS OF LOWER INPUT COSTS TO CONSUMER

• AT A CONSOLIDATED LEVEL (ORGANIC), EXPECT TO DELIVER HIGH-SINGLE DIGIT VOLUME GROWTH

• EXPECT EXCEPTIONAL STAMP DUTY EXPENSE ON SLUMP SALE TRANSACTION OF PARK AVENUE AND KAMASUTRA BRAND ACQUISITION

• IN CONSTANT CURRENCY TERMS SEE TRANSLATING TO CLOSE TO DOUBLE-DIGIT SALES GROWTH IN INR TERMS IN Q1

• SALES GROWTH (INCL. INORGANIC) TO BE IN DOUBLE DIGITS IN Q1 ON CONSOL LEVEL

• CONSTANT CURRENCY SALES IS EXPECTED TO GROW IN MID-TEENS

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