Godrej Consumer shares up 1.62% as Nifty drops
Godrej Consumer Products Ltd. traded 1.62 per cent up in Wednesday's trade at 11:47AM (IST). Around 33,719 shares changed hands on the counter.
The counter opened at Rs 1020.5 and touched an intraday high and low of Rs 1043.3 and Rs 1015.0, 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 106044.09 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, domestic institutional investors 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 63.27 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.
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