Godrej Consumer Products share price: Add Godrej Consumer Products, target price Rs 1100: ICICI Securities

ICICI Securities has add call on Ltd. with a target price of Rs 1100. The current market price of Godrej Consumer Products is Rs 1083.4. Time period given by analyst is one year when Godrej Consumer Products Ltd. price can reach defined target.

Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 111860.00 Crore) operating in FMCG sector.

Godrej Consumer Products Ltd. key Products/Revenue Segments include Home Care, Personal Care, Hair Care, Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2915.35 Crore, up 6.12 % from last quarter Total Income of Rs 2747.31 Crore and up 24.10 % from last year same quarter Total Income of Rs 2349.11 Crore. Company reported net profit after tax of Rs 413.91 Crore in latest quarter.

Investment Rationale
While near-term challenges of (1) macro challenges and (2) intense competition remain, GCPL is targeting double-digit profitable revenue growth (double-digit growth already seen in FY19 and FY20) for the region. The brokerage believes it as early signs of turnaround in Indonesia business inspire confidence in consensus (and our) expectations of a sustainable turnaround.

Promoter/FII Holdings
Promoters held 63.2 per cent stake in the company as of June 30, 2021, while FIIs held 27 per cent, DIIs 1.2 per cent and public and other 8.6 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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