Previous Close | 1,235.15 |
Open | 1,211.45 |
Bid | 1,248.25 x 0 |
Ask | 1,255.00 x 0 |
Day's Range | 1,211.45 - 1,258.50 |
52 Week Range | 896.85 - 1,299.90 |
Volume | |
Avg. Volume | 53,397 |
Market Cap | 1.28T |
Beta (5Y Monthly) | 0.33 |
PE Ratio (TTM) | 71.85 |
EPS (TTM) | 17.42 |
Earnings Date | May 08, 2024 - May 13, 2024 |
Forward Dividend & Yield | 20.00 (1.62%) |
Ex-Dividend Date | Nov 09, 2023 |
1y Target Est | N/A |
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MUMBAI (Reuters) -India's Godrej Consumer Products Ltd said on Thursday it is acquiring the consumer goods business of Raymond Consumer Care Ltd for $345 million, bolstering its portfolio of brands in the country's fast-growing retail market. Raymond Ltd will sell its popular brands such as the Park Avenue deodorant and Kamasutra condoms to Godrej as part of the deal, which will turn it debt-free and reduce the number of business lines, its chairman Gautam Singhania said in a press conference. The deal comes amid growing competition in India's nearly $900 billion retail market, where Godrej competes with everyone from Reliance Inustries to Unilever and Procter & Gamble .
BENGALURU (Reuters) -India's Godrej Consumer Products Ltd on Wednesday estimated its sales grew in double digits in the fourth quarter, led by strong domestic demand for its home and personal care products. The company's India business, which contributed over 55% of its overall revenue in the last quarter, had "exceeded" expectations, while in Indonesia, it was recovering gradually. Parachute coconut oil maker Marico on Monday forecast stronger margins for the fourth quarter.