In this blog, we will share our spotlight on Godrej Consumer Products Ltd.
Godrej Consumer Products Ltd. – Highlights
Godrej Consumer Products Ltd. is trading at Rs 874.80, up by 22.19% on the BSE. The stock is up 68.96% in last one year as compared to a 55.21% spurt in S&P Bse Sensex.
This upward move is mainly due to the announcement by the fast moving consumer goods (FMCG) major that Sudhir Sitapati will take over as its managing director (MD) and CEO in October 2021.
Sudhir Sitapati has over two decades of experience in FMCG Hindustan Unilever, where he led HUL’s foods and refreshments business and was also a member of the senior management team in the Detergents business, which performed admirably during his tenure.
He played a crucial role in the $5-billion merger of GlaxoSmithKline Consumer Healthcare with HUL.
The appointment of Sudhir Sitapati as MD & CEO for five years, with such a rich experience, gives him adequate time to formulate and implement strategic changes for Godrej Consumer Products Ltd.
GCPL increased its consolidated net profit by 59.13 % from Rs 229.90 crore in Q4FY20 to Rs 365.84 crore in Q4FY21. Its net sales increased by 26.78 % to Rs 2,731 crore in Q4FY21, compared to Rs 2,154 crore in the same period, previous year.
Godrej Consumer Products Limited is into the manufacturing of personal care, hair care, household care and fabric care products. The product line include toilet soaps, cosmetics, shaving creams, talcum powder, household cleaners and fabric detergents.
With leading Household and Personal Care Products, GCPL is a leader among India’s Fast Moving Consumer Goods (FMCG) companies. Good Knight, Cinthol, Godrej No. 1, Expert, Hit, Jet, Fairglow, Ezee, Protekt, and Snuggy are just a few of the company’s well-known brands.