Neutral on Godrej Consumer Products, target price Rs 790: Motilal Oswal

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Neutral on Godrej Consumer Products, target price Rs 790:  Motilal Oswal


Motilal Oswal has neutral call on Godrej Consumer Products with a target price of Rs 790. The current market price of Godrej Consumer Products Ltd. is Rs 747.8.

Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 77739.63 Crore) operating in FMCG sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2893.86 Crore, up 25.21 % from last quarter Sales of Rs 2311.17 Crore and up 10.95 % from last year same quarter Sales of Rs 2608.15 Crore Company reported net profit after tax of Rs 457.87 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 63.2 per cent stake in the company as of Sept 30, 2020, while FIIs held 26.8 per cent, DIIs 3.1 per cent and public and others 6.9 per cent.





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