After the better q4 results than estimation, various brokerage firms have given target for Godrej Consumer Products shares.
Godrej Consumer Products (GODREJCP) reported a consolidated net loss of Rs 1,893.2 crore for the January-March period owing to a one-time charge of Rs 2,376 crore on account of restructuring costs, as against a consolidated net profit of Rs 452.1 crore for the corresponding period a year ago.
The company sells popular brands including Cinthol, HIT, Good Knight and Ezee which registered revenue of Rs 3,385.6 crore for the March quarter, up 5.8 per cent on a year-on-year basis after the higher demand for its home and personal care products, according to a regulatory filing.
Godrej Consumer Products Q4 Results
Godrej Consumer Products’ India business volume expanded 15 per cent. Consolidated total revenue from operations during the quarter under review stood at Rs 2,915.82 crore as against Rs 2,730.74 crore in the corresponding period a year ago.
“We continue to remain focused on driving volume-led growth along with healthy investments in our brands and improvement in profitability. We are launching new products in accordance with our purpose to bring the goodness of health and beauty to consumers.” said Sudhir Sitapati, MD and CEO.
Introduction of Goodknight Agarbatti has captured the Rs 21,200 crore market of Mosquito Incense Sticks.
GCPL holds exclusive rights to utilize this molecule in the medium term. Personal Care witnessed a 4 percent growth primarily driven by volume.
Godrej Consumer Products Dividend
The Company announced a dividend of Rs 10 per share.
Godrej Consumer Products Share Price Target
Zee Business Managing Editor gave targets of Rs 1,265 and Rs 1,280 with a stop loss at Rs 1,210, citing better-than-expected results, and strong as well as best-in-sector volume growth.
| Godrej Consumer Products | ||
| Brokerage | Rating | Target (INR) |
| Jefferies | Buy | 1520 |
| JP Morgan | Overweight | 1300 |
| Macquarie | Neutral | 1150 |
(With inputs from Agencies)