Godrej Consumer Products Ltd (GCPL) witnessed a 4 percent rise in net profit at Rs 546 crore ($66.8 million) in the third quarter ended December 2022, as against Rs 528 crore reported in the year-ago period.
The Swedish group’s investment budget will rise from SEK7 billion to SEK10 billion (€893 million) in 2023, mainly focused on the supply chain and digital tech, but also “sportswear, beauty and home decoration projects.”
The Chinese e-tailer intends to support new talents via its Shein X programme, which has already supported 3,000 designers, investing 55 million dollars. A fashion show will be organised in Paris in June.
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