"I do not think prices can come down because costs are high. We have not seen any decline in prices so far, says Adi Godrej"
While two Godrej Group companies that manufacture soaps and edible oil are listed, Godrej & Boyce is still privately held. And, it is the jewel of the Group with its FY07 turnover close to Rs 3,000 crore and profit of over Rs 100 crore.
The slowdown is behind us and the country will grow at around 9-10 per cent, believes Adi Godrej, chairman of the Godrej Group.
There has been a lot of concern in the FMCG industry after Patanjali's revenues crossed Rs 5,000 crore, on the back of an increased focus on health following the ban on Maggi noodles.
Framing the next chapter in Swiggy's journey as a responsible corporate citizen, co-founder and chief executive officer (CEO) Sriharsha Majety unveiled the company's eagerly awaited public listing. Majety, who has largely shunned the spotlight, shared reflections on his entrepreneurial path and the strategic pivots he and his co-founders navigated in building Swiggy. "We started with code aggregation, then pivoted to logistics, and that became Swiggy.
The turnover of GSL is Rs 625 crore. Godrej Sara Lee was formed in 1995, a year after Godrej acquired the Good Knight brand from R Mohan.
In the wake of interest rates coming down, realty companies seem to be banking on low cost affordable housing projects.
Strengthening its portfolio in personal and household care segment, FMCG major Godrej Consumer Products on Friday said it has acquired 'Swastik' and 'Genteel' brands for an undisclosed amount.
Godrej Agrovet Ltd, the agri-business arm of leading conglomerate Godrej Ltd, plans to enter the dairy farming business. The company is in talks with at least two leading Israeli dairy farm technology providers.
It is also planning to introduce some of its acquired overseas brands in India and evaluating a re-entry into air freshners.
Godrej Consumer Products buyback soon Godrej Consumer Products Ltd has informed BSE that the buyback announced on January 16, 2003 will commence on or after January 24, 2003.
The group is selling off unprofitable businesses and narrowing its focus to raise revenue ten fold by 2021.
Godrej Consumer Products Ltd declared interim dividend of Rs 2 per share for the financial year 2002-03.
Mumbai-based developers Macrotech Developers (Lodha) and Oberoi Realty have emerged as top gainers among largecap realty stocks over the past month, with gains ranging from 29 per cent to 33 per cent. Strong ongoing sales trends in Mumbai's core market, record bookings in the January-March quarter, and healthy guidance for 2024-25 (FY25) have propelled these companies, which derive the majority of their revenues from India's financial capital.
If the index is unable to sustain above 24,500 levels, technically it can then slip to its 200-DMA placed at 23,365 levels.
Godrej is on an acquisition drive to expand its hair care, home care and personal wash business in Asia, Africa and South America.
Godrej Properties, part of the Godrej group, may float an initial public offer of about Rs 500 crore (Rs 5 billion) in the next three months, said a banker close to the development. The company plans to sell 9.4 million equity shares in the IPO, which will constitute 13.5 per cent paid up capital of the company, the draft red herring prospectus filed by it showed. The company also plans a pre-IPO placement of 2.4 million shares with investors, the company said.
Godrej-GE Appliances which sold a faulty refrigerator has been held guilty of deficiency in service by a Delhi consumer court.
Asked about the possible size of acquisitions, GCPL said,"The company is open to deals which are valued up to Rs 1,000 crore."
The group's much-touted acquisitions in recent years follow a series of disappointments in joint ventures.
The $2.25-billion Godrej Group is considering leasing its flagship name to group companies for a royalty fee, a model similar to the one adopted by Tata Group, India's largest conglomerate.
'She adds value to life in many commendable ways. Apart from her many contributions to our consumer products business and Godrej Properties, she dedicates her energies and resources to charity, to philanthropic causes and most of all how she has managed her time as a wife, mother and entrepreneur brilliantly,' says Adi Godrej.
He says conditions for entrepreneurship and SMEs needed to be improved for the sake of growth in economy and employment opportunities.
The collective wealth of the 100 richest went past $1 trillion for the first time.
The recent changes at the Godrej Group are not just cosmetic they are a result of strict prioritisation and better listening.
Godrej has provided three security products -- tyre killers, under vehicle surveillance, boom barriers -- to be installed around Bangalore's Vidhana Soudha, as part of its mandate to secure key government offices. The company is aiming for Rs 400 crore (Rs 4 billion) in revenues in FY 2008-09 as against Rs 300 crore (Rs 3 billion) it registered last year and has set a target to achieve Rs 1,000 crore (Rs 10 billion) by 2012-13.
To fund its expansion plans, Godrej Properties Ltd plans to enter the capital market this fiscal and it is in talks with investment bankers for this purpose.
The company also believes the e-commerce facility would prove especially handy for the NRI consumers who would want to present gifts to their families back in India.
Ahead of the Union budget, Godrej Group chairman Adi Godrej on Monday said the government needs to move toward implementing a goods and services tax regime besides taking measures to control inflation.
Companies seeking to tie up with nationwide pharmacy chain.
Consumer durables major Godrej & Boyce plans to enter the television segment in 2008.
A large number of the civilian awards went to persons from the 'art' category.
According to a CII statement, Godrej mentioned that in the given economic condition, it would have been natural to seek a stimulus including reductions in excise and service tax rates.
"We are upgrading both our processing plants in Maharashtra and Karnataka. The capacity will be enhanced along with other utilities such as cold chain in six months. The investment in this company (Godrej Tyson) will be close to Rs 40 crore (Rs 400 million)," Godrej Agrovet and Godrej Tyson Managing Director B S Yadav said.
Diversified business group Godrej Industries has set up a $50 million venture capital fund along with a set of individuals to invest in agri start-ups.
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