Company Overview and News
I have a reputation for being very demanding and I speak my mind,” Avani Davda says suddenly, in the middle of our conversation. We are meeting at the Prabhadevi outlet of Nature’s Basket, Godrej’s premium grocery retail chain, in Mumbai. It’s a fitting place to discuss her career—Davda, 38, is the managing director of Nature’s Basket. On the floor above is a sprawling Tata Starbucks, the retail coffee chain she previously headed.
The Goods and Services Tax is being touted as a non-inflationary tax as it is expected to bring down prices in the long run.
Shares of Godrej Consumer Products gained 2.7 percent intraday Wednesday as foreign brokerage house Macquarie has maintained outperform rating on the stock.
Adi Godrej, Chairman of the Godrej Group, has always been a proponent of GST. On the eve of Godrej Industries second quarter results, Godrej attributes the profitability of the holding company to the success of GST. Group companies like Godrej Consumer Products, Godrej Properties and Godrej Agrovet, which are under Godrej Industries have recovered from demonetisation and benefited from GST. In a chat with BusinessLine, Godrej admits that GST can be brought down even further and also hopes that the rankings in the ease of doing business increasingly improves. (1-0)
Mumbai: Hindustan Unilever Ltd (HUL), India’s largest consumer packaged goods company, will reduce prices by 7-10% on an average across categories following the reduction in the goods and services tax (GST) from 28% to 18% for categories like detergents, cosmetics, deodorants and packaged foods, chief executive Sanjeev Mehta said in an email interview.
Shares of Godrej Consumer Products jumped as much as 1.44 per cent in Thursday's trade as the company is reducing the prices of products such as hair colour, air fresheners, liquid detergents and deodorant by 7-10 per cent, post the announcement of rate cuts by the GST Council last week.
Companies with at least one woman on the board yielded higher returns, according to Credit Suisse (1-0)
After the announcement of rate cuts on around 200 items by the GST Council last week, FMCG companies are proactively looking at ways to pass on the benefits to consumers.
Godrej Consumer Products on Wednesday said that it is reducing the prices of products such as hair colour, air fresheners, liquid detergents and deodorant by 7-10 per cent, post the announcement of rate cuts by the GST Council last week.
A worker arranges food packets inside a retail store in Kolkata October 24, 2013. — Reuters picNEW DELHI, Nov 15 — India’s biggest tax overhaul since independence has driven a wedge between companies that have adapted to the new levies and a vast swath of small businesses, representing almost half the economy, that are struggling. (95-0)
Mumbai: Godrej Industries Ltd on Tuesday said consolidated net profit in the September quarter rose 53% from a year ago to Rs95 crore on the back of growth in the agriculture, consumer and property business.
After its muted performance in the June quarter due to the transition to GST, India Inc is getting back to form, going by the September quarter results of 700-odd companies. (1-0)
With the GST Council putting several commonly used household, confectionery and personal care products under a lower tax slab from the current 28 per cent, the FMCG industry expects to see a huge boost in consumption.
The market snapped two-day losing streak, ending flat with a positive bias on Thursday; but the broader markets outperformed equity benchmarks, following strong earnings. Investors focussed on SBI earnings and the outcome of GST Council meeting due tomorrow. (36-0)
Mumbai : India’s consumption story, which took a severe hit from the government’s move to demonetise high-value currency notes a year ago, has returned to normal. Two quarters following demonetisation showed a slowdown in the fast moving consumer goods, automobile, cement and real estate space as severe cash shortage in the economy dealt a major blow to the consumption story. (5-0)
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton