Buy Godrej Consumer
Buy Godrej Consumer and Gitanjali Gems on dips for good gains for short term.
Godrej Consumer: (Cmp: 126.10 as on 21-04-08) Godrej aims to triple FMCG revenues by 2012. The Rs 9,500 crore Godrej group on Friday unveiled a new vision: tripling the revenues of its fast moving consumer goods portfolio by 2012. The ambitious target follows the company’s brand makeover and new strategies line-up. It is also targeting an aggressive profit growth of 25-30% annually along with greater brand visibility.
The international business contribution to the business will increase. We are also looking at inorganic growth, especially in developing countries such as South Africa, China and Nigeria” said Godrej. Godrej has bought Rapidol, Keyline and Kinky brands overseas in the last couple of years. International business contributes 20% to its total revenues currently
Call given on 21-04-08
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