Buy Godrej Consumer Products, target price Rs 1700: Motilal Oswal

Motilal Oswal has buy call on Godrej Consumer Products Ltd. with a target price of Rs 1700. The current market price of Godrej Consumer Products is Rs 1462.05.

Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 149408.48 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-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 3408.69 Crore, down -1.18 % from last quarter Total Income of Rs 3449.45 Crore and down -3.11 % from last year same quarter Total Income of Rs 3518.02 Crore. Company reported net profit after tax of Rs 450.69 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 63.01 per cent stake in the company as of 30-Jun-2024, while FIIs owned 22.42 per cent, DIIs 9.29 per cent.