Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 70653.80 Crore) operating in FMCG sector.
AgenciesPromoters held 63.2 per cent stake in the company as of Sept 30, 2020, while FIIs held 26.8 per cent, DIIs 3.1 per cent and public and others 6.9 per cent.
Edelweiss has given a buy rating to Godrej Consumer Products with a target price of Rs 850. The share price moved down by 0.48 per cent from its previous close of Rs 695.90. The stock’s last traded price is Rs 692.55.
Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 70653.80 Crore) operating in FMCG sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2893.86 Crore, up 25.21 % from last quarter Sales of Rs 2311.17 Crore and up 10.95 % from last year same quarter Sales of Rs 2608.15 Crore Company reported net profit after tax of Rs 457.87 Crore in latest quarter.
Investment Rationale The brokerage maintains ‘BUY/SO’ with a TP of INR850. The stock is trading at 37.1x FY22E EPS.
Promoter/FII Holdings Promoters held 63.2 per cent stake in the company as of Sept 30, 2020, while FIIs held 26.8 per cent, DIIs 3.1 per cent and public and others 6.9 per cent.
Agencies
