Godrej Client Merchandise rose 2.86% to Rs 822.25 after the corporate stated it has offered its complete stake in Bhabani Blunt Hair Dressing (“Bublunt”) to Honasa Client for Rs 84.5 crore.

Honsa Client (HCPL), a direct-to-consumer model, mum or dad firm of Mamaearth, has acquired hair care, hair colour and styling merchandise model Bubblent from Godrej Client Merchandise (GCPL), in addition to Bubblent Salon operated by Bhabani Blunt Hair Dressing .

Godrej Client Merchandise will get a complete of Rs 84.5 crore from the disinvestment enterprise.

On a consolidated foundation, Godrej Client Merchandise’ internet revenue grew 5.08% to Rs 527.60 crore, registering a development of 8.08% in internet gross sales to Rs 3,302.58 crore in Q3 December 2021 as in comparison with Q3 December 2020.

Godrej Client Merchandise is an Indian shopper items firm. The corporate’s merchandise embrace soaps, hair dyes, cosmetics and liquid detergents.

operated by Capital Markets – Stay Information

(This story has not been edited by Enterprise Commonplace staff and is robotically generated from a syndicated feed.)

Expensive reader,

Enterprise Commonplace has all the time labored onerous to supply up to date info and commentary on occasions which might be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on find out how to enhance our providing has additional strengthened our resolve and dedication to those beliefs. Even throughout these tough occasions arising out of COVID-19, we’re dedicated to preserving you knowledgeable and up to date with related information, authoritative views and sharp feedback on related related points.
Nevertheless, now we have a request.

As we grapple with the financial influence of the pandemic, we’d like your assist much more in order that we will proceed to offer you extra high quality content material. Our subscription mannequin has acquired an encouraging response from a lot of you who’ve subscribed to our on-line content material. Subscribing to extra of our on-line content material can solely assist us obtain our targets of offering you with higher and extra related content material. We imagine in unbiased, unbiased and credible journalism. Your assist by way of extra subscriptions may also help us apply the journalism we’re dedicated to.

assist high quality journalism and Subscribe to Enterprise Commonplace,

digital editor



Supply hyperlink