UTI Asset Management Company allots 34,077 equity shares under ESOS
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Business Standard
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Godrej Consumer gains after forecasting double digit revenue growth for Q1
Godrej Consumer Products rallied 6.39% to Rs 1,269 after the company expects the consolidated double-digit revenue growth on the back of high-single digit UVG in Q1 FY26. Home Care business has had a broad-based and strong growth trajectory with overall Home Care business likely to deliver double-digit value growth and UVG. Personal Care business is expected to grow value in low-single digit impacted by soaps. The company said that its standalone business is likely to deliver high-single digit value growth on the back of mid-single digit UVG. Volume growth has been strongly competitive and is sequentially improving. Standalone business excluding soaps (which is seeing a price-volume rebalancing driven by commodity volatility) is expected to deliver a very strong performance this quarter with double-digit UVG. Indonesia business faced a significant increase in competitive pricing action across all major categories. The company said that this will likely result in flattish UVG. GAUM (Godrej Africa, USA, and Middle East) business is likely to deliver strong double-digit value growth and UVG for the second consecutive quarter. Profit growth continues to be healthy. As guided during the companys Investor Meet (May 2025), it expects performance to improve sequentially in FY26. It believes for FY26, on track to deliver mid-high-single digit UVG for standalone business, high-single digit consolidated INR revenue growth and double-digit consolidated EBITDA growth for the full year. The standalone EBITDA margin in Q1FY26 is likely to be below its normative range but is expected to improve. While palm oil prices have started moderating towards the end of June, benefits of this moderation will only be realized in H2FY26. Godrej Consumer Products is an Indian consumer goods company. The company's products include soap, hair colorants, toiletries and liquid detergents. The company reported a consolidated net profit of Rs 411.90 crore in Q4 FY25 compared with net loss of Rs 1,893.21 crore in Q4 FY24. Net sales increased 6.3% YoY to Rs 3,577.81 crore in Q4 FY25.
Business Standard
23 minutes ago
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J&K Bank gross advances grow 6% YoY in Q1FY26
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NDTV
23 minutes ago
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Actor Mahesh Babu Gets Legal Notice In Rs 34 Lakh Real Estate Fraud Case
Tollywood actor Mahesh Babu has reportedly received legal notices from the Ranga Reddy District Consumer Commission in Telangana regarding his endorsement of Sai Surya Developers, a real estate firm facing allegations of fraud. A Hyderabad-based doctor filed a complaint, claiming she was defrauded of Rs 34.8 lakh after purchasing plots that allegedly did not exist. Mahesh Babu has been named as the third respondent in the case, with the complaint asserting that his public endorsement significantly influenced potential buyers. This is not the first time Mahesh Babu's name has been linked to the company. In April 2025, the Enforcement Directorate (ED) questioned the actor in connection with a money laundering probe involving Sai Surya Developers and the Surana Group. The company's owner, Kancharla Satish Chandra Gupta, is under police investigation for defaulting on a major real estate project called "Green Meadows." While the Enfrocement Directorate's earlier investigation indicated that Mahesh Babu was not being treated as an accused and may have endorsed the project in good faith, the current consumer commission notice brings renewed scrutiny to his role as a brand ambassador. The actor and his team are yet to respond to the latest reports of a fresh notice issued.
