The share price of Godrej Consumer Products Ltd. rose by 0.39% to Rs 985.45 at 12:18 PM (IST) on Wednesday’s trade. The stock had closed at Rs 981.55 in the previous session. The counter had a total traded volume of 12:18 PM shares so far, with a turnover of Rs 0.72 crore on BSE. The stock traded at a price-to-earnings multiple of 57.6 and a price-to-book ratio of 7.18.
A higher price-to-earnings ratio indicates that investors are willing to pay a higher price for every rupee of earnings provided by the stock due to better future growth expectations. On the other hand, the price-to-book value reflects the inherent value of a company and signifies the price that investors are ready to pay, even if there is no growth in the business.
Godrej Consumer Products Ltd. belongs to the Personal Care industry. As of September 30, 2023, promoters held a 63.21% stake in the company, while foreign investors and domestic institutional investors ownership stood at 23.51% and 7.64% respectively.
In terms of key financials, the firm reported consolidated net sales of Rs 3667.88 crore for the quarter ended September 30, 2023. This represents a 4.26% increase from the previous quarter and a 6.88% increase from the year-ago quarter. The profit for the latest quarter stood at Rs 432.77 crore, marking a 20.6% increase compared to the same quarter last year.
