Godrej Consumer shares down 1.4% as Nifty gains

NEW DELHI: Shares of Godrej Consumer Products Ltd. traded 1.4 per cent down in Thursday's trade at 01:49PM (IST). Around 8,848 shares changed hands on the counter.

The scrip opened at Rs 1000.95 and touched an intraday high and low of Rs 1000.95 and Rs 972.7, respectively, in the session so far. Shares of the company of Godrej Consumer Products Ltd. quoted a 52-week high of Rs 1101.55 and a 52-week low of Rs 793.7.

As per BSE, the total market cap of the Godrej Consumer Products Ltd. stood at Rs 99815.82 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 3518.02 crore for the quarter ended 30-Jun-2023, up 7.98 per cent from previous quarter's Rs 3258.07 crore and up 11.59 per cent from the year-ago quarter's Rs 3152.49 crore.

The net profit for latest quarter stood at Rs 318.82 crore, down 7.62 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2023, DIIs held 4.24 per cent stake in the company, while foreign institutional investors held 23.53 per cent and the promoters 63.21 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 59.55 and a price-to-book ratio of 7.18. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Godrej Consumer Products Ltd. belongs to the Personal Care industry.