Godrej Consumer shares up 0.27% as Nifty drops

NEW DELHI: Shares of Godrej Consumer Products Ltd. traded 0.27 per cent up in Friday's trade at 12:58PM (IST). Around 6,147 shares changed hands on the counter.

The counter opened at Rs 1016.55 and touched an intraday high and low of Rs 1027.6 and Rs 1014.8, 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 104944.68 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 corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2023, DIIs held 4.24 per cent stake in the firm, 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 P/E multiple of 62.61 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.