Buy Godrej Consumer Products, target price Rs 1650: ICICI Securities

ICICI Securities has buy call on Godrej Consumer Products with a target price of Rs 1650. The current market price of Godrej Consumer Products Ltd. is Rs 1407.5.

Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 144146.07 Crore) operating in FMCG sector.

Godrej Consumer Products Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 3449.45 Crore, down -7.51 % from last quarter Total Income of Rs 3729.72 Crore and up 5.87 % from last year same quarter Total Income of Rs 3258.07 Crore. Company reported net profit after tax of Rs -1893.21 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 63.21 per cent stake in the company as of 31-Mar-2024, while FIIs owned 22.56 per cent, DIIs 8.94 per cent.