Godrej Consumer shares down 2.49% as Nifty drops

NEW DELHI: Shares of Godrej Consumer Products Ltd. traded 2.49 per cent down in Friday's trade at 01:39PM (IST). Around 12,613 shares changed hands on the counter.

The counter opened at Rs 1228.85 and touched an intraday high and low of Rs 1231.1 and Rs 1193.6, respectively, in the session so far. Shares of the company of Godrej Consumer Products Ltd. quoted a 52-week high of Rs 1299.9 and a 52-week low of Rs 896.85.

Total market cap of the Godrej Consumer Products Ltd. stood at Rs 125689.28 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 3729.72 crore for the quarter ended 31-Dec-2023, up 1.69 per cent from previous quarter's Rs 3667.88 crore and up 2.41 per cent from the year-ago quarter's Rs 3642.07 crore.

The net profit for latest quarter stood at Rs 581.06 crore, up 6.36 per cent from the same quarter a year ago.

Shareholding pattern

As of 31-Dec-2023, DIIs held 5.15 per cent stake in the company, while foreign institutional investors held 22.94 per cent and the promoters 63.21 per cent.

Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 70.42 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.