"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.
When Godrej Consumer announced in October this year that it had acquired UK-based Keyline brands marking its first overseas acquisition, most people had not heard about the company.
After its Rs 462-crore (Rs 4.62 billion) initial share sale, the real estate developer Godrej Properties on Tuesday said it plans to raise around Rs 3,000 crore (Rs 30 billion) through debt or equity to fund its expansion plans over the next two-three years.
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.
This is the first time the $4-billion (Rs 21,600-crore) Godrej Group has a brand ambassador for its corporate campaign, though it has used celebrities to endorse individual products such as Godrej Eon (Preity Zinta) and Cinthol (Virat Kohli now, Hrithik Roshan earlier).
Vivek Gambhir revels in his two-city life between the Godrej-owned flagship in Mumbai and his own family in New Delhi.
Godrej Industries Ltd's foods division, the manufacturer of Sofit Soymilk, along with the Indian Medical Association and the American Soybean Association, conducted a seminar on the health benefits of soy titled 'Soy Milk Nutritional Health'.
Leading FMCG companies reported a decline in margins in the September quarter on account of higher input costs and food inflation, which ultimately slowed down the pace of urban consumption. Rising prices of commodity inputs such as palm oil, coffee and cocoa were also accentuated and some FMCG firms have hinted at a price hike. HUL, Godrej Consumer Products Ltd (GCPL), Marico, ITC, and Tata Consumer Products Ltd (TCPL) have expressed concerns over squeezing urban consumption, which according to industry experts forms 65-68 per cent of FMCG total sales.
Godrej group Chairman Adi Godrej describes in an interview to Viveat Susan Pinto the way forward for the conglomerate after the implementation of the GST.
The sector has been going through a slowdown.
Betting big on a range of new products, including commercial refrigeration, high-end televisions, cooking and food processing appliances, Godrej Appliances is targeting a turnover of Rs 2,000 crore (Rs 20 billion) for 2008-09 against Rs 1,400 crore (Rs 14 billion) in the current financial year.
From the 30-share pack, Hindustan Unilever, Tata Motors, Axis Bank, Nestle India, Asian Paints, ITC, Reliance Industries, Mahindra & Mahindra, IndusInd Bank and State Bank of India were among the laggards. Larsen & Toubro, Tata Steel, JSW Steel, HDFC Bank, Adani Ports, Kotak Mahindra Bank, Bharti Airtel and PowerGrid were among the gainers.
The company has started using a new composite material for manufacturing refrigerators which will subsequently be rolled out to other product lines. The company has also done away with its regular corrugated boxes for packaging to incorporate stretch-hood film packaging and shrink wrapping. Stretch-hood packaging boasts of benefits such as better load stability, flexible adaptation to load height, width and depth and weather protection (rain, dirt and dust-proof).
Godrej appliances is targeting to become the third largest player in the air conditioner market.
The company is also looking at a turnover of Rs 4,500 crore this financial year, of which the appliances division is expected to contribute close to Rs 1,400 crore.
Godrej Properties, is on the horizon as it unlocks value in its high-value Bandra-Kurla Complex (BKC) project.
The company has been doing well -- it gained market share in both the soaps and hair colour categories in the March 2009 quarter, which pushed up revenues by 26 per cent. Even after that soaps continue to do well as does the hair colour segment where the company is understood to have added market share in April and May. The Street probably also has high expectations of the new managing director.
Sixty-five years after his grandfather bought 3,500 acres in Mumbai, Adi Godrej is finally ready to develop it.
There is a huge spurt in demand to launch smaller satellites, those as light as 1 kg, with a lifespan of two to three years. But there aren't enough rockets to carry these, reports T E Narasimhan
"If at all Godrej plans to buy out the global household business of Sara Lee, there will be strong competition from multinationals like Unilever and P&G. So, it is unlikely that GCPL will go ahead with it," a research analyst from Religare Capital Markets said.
In the quarter ended September 30, the Pirojsha Godrej-led firm recorded Rs 492 crore net sales, up 49% year-on-year
It has set in motion an integration exercise that will see it transfer its category knowledge and expertise in hair colour and household insecticides to the acquired units.
Ladies First, at this screening.
The macro-economic situation has been brought under control: Godrej.
Godrej Appliances has launched a music-enabled refrigerator, Godrej Edge SX MuziPlay, with FM radio and MP3 player. The refrigerator has additional facilities such as a mobile charging point with USB port.
After months of pursuing PT Megasari Mamsur, the Indonesian household product maker, Godrej Consumer Products Ltd on Tuesday announced it has sealed the deal to acquire Megasari, as well as its distribution arm, PT Intrasari Raya.
Raising the taxes on the super-rich will not solve the fiscal consolidation problem, but will definitely help.
Interview with chairman of Godrej group.
He did not see any difficulty in recovery as most of the good companies were growing at 10-12 per cent.
The impact of the parting of ways between Geneva-based World Economic Forum and CII was felt on the ground when president of the industry chamber Adi Godrej was prevented from entering a discussion hall.
With crude palm oil prices on the rise, companies have started to jack up rates of soaps and edible oils in order to pass on the hike to consumers. Crude palm oil, one of the main ingredients in the manufacture of some consumer goods, saw a price rise of 45.2 per cent in the last three months. One of the country's largest consumer companies, Hindustan Unilever, said it has already started to take price increases in the skin cleansing category.
'Some of the learning may be implemented in the Budget'
Few businessmen demonstrate the zeal that he does for innovating for the bottom of the pyramid, says Adi Godrej.
Industrial production grew by just 1.8 per cent year-on-year in December 2011 due to contraction in mining and capital goods sectors and a lower manufacturing sector growth.
