has buy call on with a target price of Rs 870. The current market price of Godrej Consumer Products Ltd. is Rs 744.25.
Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 76257.03 Crore) operating in FMCG sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 3025.29 Crore, up 4.54 % from last quarter Sales of Rs 2893.86 Crore and up 9.81 % from last year same quarter Sales of Rs 2755.08 Crore Company reported net profit after tax of Rs 501.90 Crore in latest quarter.
Investment Rationale
The brokerage believes risk-reward is favourable, more so since Africa is beginning to look much better after the new Business Head (ex-Nestle) took charge of the geo; the market has typically rewarded successful management changes and a decisive sign of Africa turnaround would have positive ramification for the stock.
Promoter/FII Holdings
Promoters held 63.2 per cent stake in the company as of June 30, 2020, while FIIs held 26.8 per cent, DIIs 3.2 per cent and public and others 6.8 per cent.
Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 76257.03 Crore) operating in FMCG sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 3025.29 Crore, up 4.54 % from last quarter Sales of Rs 2893.86 Crore and up 9.81 % from last year same quarter Sales of Rs 2755.08 Crore Company reported net profit after tax of Rs 501.90 Crore in latest quarter.
Investment Rationale
The brokerage believes risk-reward is favourable, more so since Africa is beginning to look much better after the new Business Head (ex-Nestle) took charge of the geo; the market has typically rewarded successful management changes and a decisive sign of Africa turnaround would have positive ramification for the stock.
Promoter/FII Holdings
Promoters held 63.2 per cent stake in the company as of June 30, 2020, while FIIs held 26.8 per cent, DIIs 3.2 per cent and public and others 6.8 per cent.
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