Thursday, August 16, 2018


 

GODREJ CONSUMER PRODUCTS LAUNCHES ‘PROTEKT MR. MAGIC’ THE FIRST - EVER POWDER TO LIQUID HANDWASH


·         Disruptive pricing of just Rs.15/-
·         A Sustainable and environment friendly format

Mumbai, 16th August 2018: With a focus on creating innovative products that brings about a larger social change, Godrej Consumer Products Limited has unveiled Protekt Mr. Magic, the first-ever powder to liquid handwash priced at just Rs 15.

The handwash market in India is pegged at Rs.740 crore, with the category growing at 15%. The market estimate for handwashing soaps stands at Rs.8000 crore. However, the penetration of handwash is very low and restricted to the higher SEC’s which is around 20% in urban India. This means only about 2 crore households use a liquid handwash.

Sharing his thoughts on the launch, Mr, Sunil Kataria, CEO – India & SAARC, Godrej Consumer Products Limited (GCPL) said, “Perception of liquid handwash being expensive is a major reason behind many households not adopting the category. We have always dreamt of a future where every home will be able to afford a liquid handwash. Protekt Mr. Magic, the first-ever powder to liquid handwash, is infused with natural ingredients like Neem and Aloe Vera. With the germicidal properties of neem and the goodness of Aloe Vera, the product is soft on hands and tough on germs. Protekt Mr. Magic’s disruptive pricing of Rs.15 (for a sachet that can make 200 ml of liquid handwash) will make it easy for Indian households across segments and geographies to adopt this innovative format for a hygienic lifestyle.”
Protekt Mr. Magic is available in a single powder sachet and also in a combi pack comprising Protekt Mr. Magic empty bottle and powder sachet. The powder sachet is priced at Rs.15, which is one-third the cost of existing liquid handwash refills. This can potentially reduce consumers current expense on handwashing soaps estimated at Rs.30 to half. The combi pack is priced at Rs.35. This is less than half the price of current liquid handwash bottle packs.

Protekt Mr. Magic is an innovative and affordable solution addressing the pressing social issue of hand hygiene. In India, hand hygiene related issues have posed a serious threat, especially to children. Due to poor hand hygiene, more than 3 lakh children in India fall ill and lose their lives to diarrhoea every year. An estimate says that handwashing can prevent about 30% of diarrhoea-related sicknesses and about 20% of respiratory infections. However, the perception of a handwash being expensive has hindered its acceptance outside urban areas.  Protekt Mr. Magic will be integral to bring about this perception change and inculcate the habit of handwashing amongst consumers in urban and rural India.

Sharing his perspective on hand hygiene at the launch event, Dr. Samir Dalwai, Founder – Director, New Horizons Child Development Centre & Research Foundation said, “Hand hygiene, particularly, is recognised as a highly cost-effective public health intervention, having the potential to significantly reduce disease burden globally. Over 1.5 million children under five die each year as a result of diarrhoea. Handwashing with soap or liquid handwash at critical times - including before eating or preparing food and after using the toilet - can reduce diarrhoea rates by more than 40%.
In comparison to handwashing soaps, liquid handwash is hygienic, less messy and convenient to use. While handwashing soap visibly becomes dirty once one has washed their hands, every drop of liquid handwash is pure, untouched and sanitized. The disruptive pricing of Protekt Mr. Magic makes the liquid handwash cheaper than even soap. All these features make a far more attractive proposition for people to develop the habit of handwashing with liquid handwash.

As per GCPL’s estimates, if all the households using current liquid handwashes shift to the company’s new product, it will result in the following:  

  • 2,826 KL diesel is saved in transportation - equivalent to a car going around the earth’s circumference 4.7 times
  • Save 2,532 tonnes of plastic - equal to saving 50 crore units of plastic bags, which if joined length to length, will go around Indian border 7 times
  • Save 8,781 tonnes of paper - equal to saving 11,200 trees a year
  • 22,000 tonnes of carbon emissions can be avoided in the entire value chain - equivalent to taking 4314 cars off the road for a year

Godrej Protekt is a range of hand hygiene products from Godrej Consumer Products Limited, with three handwash variants and a hand sanitizer. The brand’s handwash and hand sanitizers are made of 98% naturally-derived ingredients and do not contain any harmful chemicals or irritants. Protekt Mr.Magic will be the latest addition to the existing product portfolio of Godrej Protekt.



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Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...