Read more about Godrej Properties subsidiary acquires 20% stake in Vagishwari Land Developers on Business Standard. Godrej Properties said that its wholly owned subsidiary Godrej Projects Development has acquired 20% issued and paid-up share capital of Vagishwari Land Developers (VLDPL).
Read more about Godrej Projects Development acquires 20% stake in Vagishwari Land Developers on Business Standard. Powered by Capital Market - Live News
Godrej Agrovet announced that ICRA has re-affirmed the short-term rating of [ICRA]A1+ (pronounced as ICRA A one plus) assigned earlier to the Rs. 600 crore Commercial Paper programme and has assigned a short-term rating of [ICRA]A1+ (pronounced as ICRA A one plus) to the enhanced Commercial Paper programme of Rs. 400 crore of Godrej Agrovet.
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Godrej Consumer Products rose 19.38% to Rs 854.70 after the company s consolidated net profit surged 59.1% to Rs 365.84 crore on 26.9% jump in net sales to Rs 2,705.69 crore in Q4 FY21 over Q4 FY20.
Consolidated profit before tax soared 25.8% to Rs 424.41 crore in Q4 March 2021 as against Rs 337.39 crore in Q4 March 2020. The consolidated EBITDA galloped 21% Y-o-Y in Q4 March 2021 over Q4 March 2020. Consolidated EBITDA margins stood at 21.2%, a decrease of 110 bps year-on-year, driven by drop in India and Latin America & SAARC margins.
The India sales grew 35% to Rs 1,466 crore in Q4 FY2021 over Q4 FY2020 while the volume jumped 29% during the period under review.
The highly coveted "sustainability premium" is the holy grail of ESG investors globally, and determining materiality is the key to attaining this. First Sentier shares some of its preferred metrics