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Godrej Consumer Products rises on entering into an agreement with Frika Hair

07 Jan 2015 Evaluate

Godrej Consumer Products is currently trading at Rs. 958.00, up by 4.40 points or 0.46% from its previous closing of Rs. 953.60 on the BSE.

The scrip opened at Rs. 944.10 and has touched a high and low of Rs. 962.50 and Rs. 944.10 respectively. So far 752 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1117.60 on 09-Sep-2014 and a 52 week low of Rs. 672.00 on 27-Jan-2014.

Last one week high and low of the scrip stood at Rs. 990.35 and Rs. 950.00 respectively. The current market cap of the company is Rs. 32558.26 crore.

The promoters holding in the company stood at 63.30% while Institutions and Non-Institutions held 30.79% and 5.91% respectively.

Godrej Consumer Products (GCPL) has entered into an agreement with Frika Hair (Pty), for the acquisition of 100% equity stake in its hair extensions business in South Africa.

Frika Hair (Pty) enjoys a premium position in the South African market. It has particular strengths in the Western Cape, Eastern Cape and Gauteng, and is the market leader in key accounts in organised retail. In 2014, net sales of the company was approximately ZAR 73 million.

GCPL’s Africa business currently has annualised revenues of USD 200 million. This acquisition helps GCPL in consolidating its presence in the hair extensions market in South Africa.

GCPL is a leader among India's Fast Moving Consumer Goods companies, with leading Household and Personal Care Products. Its brands include Good Knight, Cinthol, Godrej No. 1, Expert, Hit, Jet, Fairglow, Ezee, Protekt and Snuggy, among others, which are household names across the country.

 

Godrej Consumer Prod Share Price

1108.20 27.10 (2.51%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindustan Unilever 2241.10
Godrej Consumer Prod 1108.20
Dabur India 442.10
Colgate Palmol. (I) 2106.20
P&G Hygiene 10006.55
View more..

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