Published On: Wed, Dec 4th, 2019

Godrej CP: Sell Godrej CP, price target Rs 670: Sagar Doshi

Sagar Doshi of Edelweiss Financial Services has a sell call on Godrej Consumer Products Ltd. with a target price of Rs 670.0 . The current price of Godrej Consumer Products Ltd. is Rs 714.95 . Sagar Doshi recommended to keep a stoploss at Rs 750 .

Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 73090.08 Crore) operating in FMCG sector.

Godrej Consumer Products Ltd. key Products/Revenue Segments include Home Care which contributed Rs 2834.32 Crore to Sales Value (49.90 % of Total Sales), Personal Care which contributed Rs 2042.57 Crore to Sales Value (35.96 % of Total Sales), Hair Care which contributed Rs 679.90 Crore to Sales Value (11.97 % of Total Sales), Other Operating Revenue which contributed Rs 122.52 Crore to Sales Value (2.15 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2608.15 Crore, up 11.91 % from last quarter Sales of Rs 2330.59 Crore and down -1.27 % from last year same quarter Sales of Rs 2641.79 Crore Company has reported net profit after tax of Rs 413.60 Crore in latest quarter.

The company’s top management includes Mr.Adi Godrej, Mr.Aman Mehta, Mr.Jamshyd N Godrej, Mr.Nadir Godrej, Mr.Narendra Ambwani, Mr.Omkar Goswami, Mr.Pirojsha Godrej, Mr.Sumeet Narang, Mr.Vivek Gambhir, Ms.Ireena Vittal, Ms.Ndidi Nwuneli, Ms.Nisaba Godrej, Ms.Pippa Tubman Armerding, Ms.Tanya Dubash. Company has BSR & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 1,022,310,383 shares outstanding.

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