Godrej Consumer shares up 1.36% as Nifty gains
Godrej Consumer Products Ltd. traded 1.36 per cent up in Friday's trade at 10:40AM (IST). Around 5,210 shares changed hands on the counter.
The counter opened at Rs 988.95 and touched an intraday high and low of Rs 995.15 and Rs 978.4, respectively, in the session so far. The stock of Godrej Consumer Products Ltd. quoted a 52-week high of Rs 1101.55 and a 52-week low of Rs 822.45.
As per BSE, the total market cap of the Godrej Consumer Products Ltd. stood at Rs 101340.02 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 3667.88 crore for the quarter ended 30-Sep-2023, up 4.26 per cent from previous quarter's Rs 3518.02 crore and up 6.88 per cent from the year-ago quarter's Rs 3431.79 crore.
The net profit for latest quarter stood at Rs 432.77 crore, up 20.6 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Sep-2023, domestic institutional investors held 4.8 per cent stake in the company, while foreign institutional investors held 23.52 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 57.91 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.
