Small Business

No impact of monsoon on rural demand: Adi Godrej

Deficient rains will not have any impact on rural demand for FMCG products, Godrej group Chairman and Managing Director Adi Godrej said today. - 'The dharma of banks is to lend' - Farm growth could be down 5%, says Godrej - Promoters ready to dilute stake for acquisition: Adi Godrej - Godrej Properties IPO in next 10 months - Godrej Consumer in talks with Sara Lee to acquire 100% in JV - "The year ahead looks good with Sara Lee's consolidation" "We do not think there will be any impact on rural demand because of the deficient monsoon," Godrej told reporters here. There might be a revival of the monsoon in September, he added. "Lower output due to deficient monsoon will not affect the income of the rural masses as prices will make up for it. Despite the kharif crop not doing well, we expect the rabi crop to do well," Godrej said. The consumer products division of the Godrej Group grew by 22 per cent during the April-June period and in July-August the company hopes to do even better, he added.

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