Godrej Consumer shares down 0.24% as Nifty drops

NEW DELHI: Shares of Godrej Consumer Products Ltd. traded 0.24 per cent down in Wednesday's trade at 12:27PM (IST). Around 2,843 shares changed hands on the counter.

The scrip opened at Rs 1074.95 and touched an intraday high and low of Rs 1074.95 and Rs 1055.8, respectively, in the session so far. The stock of Godrej Consumer Products Ltd. quoted a 52-week high of Rs 1101.55 and a 52-week low of Rs 793.7.

Total market cap of the Godrej Consumer Products Ltd. stood at Rs 108329.0 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 3258.07 crore for the quarter ended 31-Mar-2023, down 10.54 per cent from previous quarter's Rs 3642.07 crore and down 10.83 per cent from the year-ago quarter's Rs 2939.58 crore.

The net profit for latest quarter stood at Rs 452.14 crore, up 24.47 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2023, DIIs held 3.88 per cent stake in the company, while foreign institutional investors held 23.72 per cent and the promoters 63.21 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 63.63 and a price-to-book ratio of 7.18. 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.