Share price of Godrej Consumer jumps as Sensex drops 74.72 points
Godrej Consumer Products Ltd. gained 2.22 per cent to Rs 1086.2 at 01:54PM (IST) in Wednesday's trade.
The scrip hit a high of Rs 1088.8 and low of Rs 1059.6 so far during the session. The stock had closed at Rs 1062.6 in the previous session.
The counter had a total traded volume of 01:54PM shares so far with a turnover of Rs 3.39 crore on BSE. The stock traded at a price-to-earnings multiple of 65.31 and a price-to-book ratio of 7.18.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The 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.Promotor/FII Holding Promoters held 63.21 per cent stake in the company as of 31-Mar-2023, while overseas investors and domestic institutional investors ownership stood at 23.72 per cent and 7.11 per cent, respectively.Key Financials The company reported consolidated sales of Rs 3258.07 crore for the quarter ended 31-Mar-2023, down 10.54 per cent from the previous quarter's Rs 3642.07 crore and down 10.83 per cent from the year-ago quarter's Rs 2939.58 crore. Its profit for the latest quarter stood at Rs 452.14 crore, up 24.47 per cent from the same quarter a year ago.
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