Godrej Consumer shares up 0.36% as Nifty drops

NEW DELHI: Shares of Godrej Consumer Products Ltd. traded 0.36 per cent up in Thursday's trade at 12:35PM (IST). Around 6,174 shares changed hands on the counter.

The stock opened at Rs 928.05 and touched an intraday high and low of Rs 938.0 and Rs 917.65, respectively, in the session so far. The stock of Godrej Consumer Products Ltd. quoted a 52-week high of Rs 955.65 and a 52-week low of Rs 660.2.

As per BSE, the total market cap of the Godrej Consumer Products Ltd. stood at Rs 95489.06 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 3642.07 crore for the quarter ended 31-Dec-2022, up 6.13 per cent from previous quarter's Rs 3431.79 crore and up 9.54 per cent from the year-ago quarter's Rs 3324.99 crore.

The net profit for latest quarter stood at Rs 546.34 crore, up 3.55 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2022, domestic institutional investors held 3.83 per cent stake in the firm, while foreign institutional investors held 24.04 per cent and the promoters 63.21 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 59.18 and a price-to-book ratio of 6.61. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.