Add Godrej Consumer Products, target price Rs 900: HDFC Securities

Add Godrej Consumer Products, target price Rs 900: HDFC Securities
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Synopsis

Godrej Consumer Products, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 93213.18 Crore) operating in FMCG sector

Godrej ConsumerAgencies
Promoters held 63.22 per cent stake in the company as of 30-Sep-2022, while FIIs owned 24.03 per cent, DIIs 6.46 per cent.
Securities has add call on with a target price of Rs 900. The current market price of Godrej Consumer Products is Rs 909.6.

Godrej Consumer Products, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 93213.18 Crore) operating in FMCG sector.

Godrej Consumer Products key Products/Revenue Segments include Home Care, Personal Care, Hair Care, Other Operating Revenue for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 3431.79 Crore, up 8.86 % from last quarter Total Income of Rs 3152.49 Crore and up 7.70 % from last year same quarter Total Income of Rs 3186.29 Crore. Company has reported net profit after tax of Rs 358.86 Crore in latest quarter.

The company’s top management includes Ms.Nisaba Godrej, Ms.Pippa Tubman Armerding, Ms.Ndidi Nwuneli, Mr.Omkar Goswami, Mr.Narendra Ambwani, Ms.Ireena Vittal, Ms.Tanya Dubash, Mr.Jamshyd N Godrej, Mr.Nadir Godrej, Mr.Pirojsha Godrej, Mr.Sudhir Sitapati, Mr.Sumeet Narang. Company has BSR & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 102 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 63.22 per cent stake in the company as of 30-Sep-2022, while FIIs owned 24.03 per cent, DIIs 6.46 per cent.
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