Share price of Godrej Consumer falls as Sensex gains 175.76 points

Share price of Godrej Consumer Products Ltd. dropped 0.37 per cent to Rs 984.35 at 12:48PM (IST) in Friday's trade. The stock hit a high of Rs 988.0 and low of Rs 978.25 so far during the session. The stock had closed at Rs 988.1 in the previous session.

The counter had a total traded volume of 12:48PM shares so far with a turnover of Rs 0.49 crore on BSE. The stock traded at a price-to-earnings multiple of 59.99 and a price-to-book ratio of 7.18.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 63.21 per cent stake in the company as of 30-Jun-2023, while FIIs and domestic institutional investors ownership stood at 23.53 per cent and 7.37 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 3518.02 crore for the quarter ended 30-Jun-2023, up 7.98 per cent from the previous quarter's Rs 3258.07 crore and up 11.59 per cent from the year-ago quarter's Rs 3152.49 crore.

Its profit for the latest quarter stood at Rs 318.82 crore, down 7.62 per cent from the same quarter a year ago.