Procter & Gamble Hygiene & Healthcare Ltd., incorporated in the year 1964, is a Large Cap company (having a market cap of Rs 35838.92 Crore) operating in FMCG sector.
ETRetailPromoters held 70.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 2.5 per cent, DIIs 13.5 per cent and public and others 13.4 per cent.
Motilal Oswal has given a neutral rating to P&G with a target price of Rs 11,700. The share price moved down by 5.25 per cent from its previous close of Rs 11,344.20. The stock’s last traded price is Rs 10,748.80.
Procter & Gamble Hygiene & Healthcare Ltd., incorporated in the year 1964, is a Large Cap company (having a market cap of Rs 35838.92 Crore) operating in FMCG sector.
Financials For the quarter ended 30-09-2020, the company reported a Standalone sales of Rs 1009.45 Crore, up 59.09 % from last quarter Sales of Rs 634.53 Crore and up 18.46 % from last year same quarter Sales of Rs 852.14 Crore Company reported net profit after tax of Rs 253.86 Crore in latest quarter.
Investment Rationale Although valuations are expensive at 52x FY22E EPS (June year-end), which imply limited near-term upside, two factors make PGHH an attractive long-term core holding: (a) huge category growth potential in the Feminine Hygiene segment (~67% of sales) coupled with potential for market share gains due to considerable moats, and (b) huge potential margin gains from premiumization in the Feminine Hygiene segment over the long term.
Promoter/FII Holdings Promoters held 70.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 2.5 per cent, DIIs 13.5 per cent and public and others 13.4 per cent.
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