Godrej Consumer Products Ltd Share Price – NSE  / BSE

FMCG, Mid Cap

Syngene International Ltd, Marico Ltd, Neuland Laboratories Ltd and Star Health & Allied Insurance Company Ltd are among the other losers in the BSE's 'A' group today, 09 December 2024.

Godrej Consumer Products Ltd tumbled 9.27% to Rs 1121 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 6.97 lakh shares were traded on the counter so far as against the average daily volumes of 22023 shares in the past one month.

Syngene International Ltd crashed 5.04% to Rs 873.1. The stock was the second biggest loser in 'A' group.On the BSE, 26309 shares were traded on the counter so far as against the average daily volumes of 16233 shares in the past one month.

Marico Ltd lost 4.64% to Rs 603.6. The stock was the third biggest loser in 'A' group.On the BSE, 61012 shares were traded on the counter so far as against the average daily volumes of 44810 shares in the past one month.

Neuland Laboratories Ltd slipped 4.34% to Rs 16808.35. The stock was the fourth biggest loser in 'A' group.On the BSE, 3749 shares were traded on the counter so far as against the average daily volumes of 2954 shares in the past one month.

Star Health & Allied Insurance Company Ltd dropped 4.23% to Rs 468. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.06 lakh shares were traded on the counter so far as against the average daily volumes of 36709 shares in the past one month.

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The surge in palm oil and derivatives prices to the extent of a y-o-y increase of 20-30% has impacted the soaps category, which represents around 1/3rd of the company’s standalone business revenue. To partly offset the cost increases the company have taken price increases, reduced grammage of key packs and reduced various trade schemes. Such pricing actions typically have minimal impact on category consumption but do result in reduced inventory across wholesale and household pantry.

The company said that the weather conditions have not been supportive (delayed winters in North and cyclone in South India) to the Home Insecticides (HI) segment, contributing approximately 1/3rd of its standalone business. This has impacted HI category growths in the current quarter.

The rest of the portfolio is demonstrating robust performance and expected to deliver double digit UVG. However, given the significant contribution of Soaps and HI to the overall business mix, the standalone business is expected to report around flattish UVG and around mid-single digit sales growth in this quarter.

The standalone business has historically had normative EBITDA margins in the range of 24-27%. The previous year's third quarter (Q3 FY24) had delivered exceptional margins of 29.7%, outside of the company’s normative range, driven in part by favorable commodity prices. Due to confluence factors, the company anticipates a temporary downward breach of the normative margins this quarter.

The FMCG company said that its international business continues to do well on their relevant strategic objectives. Indonesia business is expected to deliver continued superior performance with mid-single digit volume growth and high single digit sales growth. In line with its earlier guidance, the GAUM (Godrej Africa, USA, and Middle East) organic business is expected to see volume decline due to reduction in trade stocks and portfolio simplification. The effects of these actions would be largely completed in Q3 FY25 and it is likely to be fourth consecutive quarter of healthy EBITDA margins for GAUM.

Godrej Consumer Products is an Indian consumer goods company. The company's products include soap, hair colorants, toiletries and liquid detergents.

The company’s consolidated net profit increased 13.53% to Rs 491.31 crore on 2.3% rise in total income to Rs 3,752.32 crore in Q2 FY25 over Q2 FY24.

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CEAT Ltd, ITI Ltd, Welspun Living Ltd, Varroc Engineering Ltd are among the other stocks to see a surge in volumes on BSE today, 09 December 2024.

Godrej Consumer Products Ltd clocked volume of 4.42 lakh shares by 10:46 IST on BSE, a 21.43 times surge over two-week average daily volume of 20613 shares. The stock lost 9.14% to Rs.1,122.70. Volumes stood at 5231 shares in the last session.

CEAT Ltd registered volume of 71121 shares by 10:46 IST on BSE, a 18.48 fold spurt over two-week average daily volume of 3848 shares. The stock rose 11.20% to Rs.3,438.40. Volumes stood at 3479 shares in the last session.

ITI Ltd witnessed volume of 18.33 lakh shares by 10:46 IST on BSE, a 3.3 times surge over two-week average daily volume of 5.56 lakh shares. The stock increased 9.56% to Rs.351.95. Volumes stood at 35.08 lakh shares in the last session.

Welspun Living Ltd registered volume of 3.05 lakh shares by 10:46 IST on BSE, a 3.08 fold spurt over two-week average daily volume of 98952 shares. The stock rose 5.97% to Rs.174.00. Volumes stood at 95727 shares in the last session.

Varroc Engineering Ltd clocked volume of 9362 shares by 10:46 IST on BSE, a 2.73 times surge over two-week average daily volume of 3424 shares. The stock gained 2.57% to Rs.530.50. Volumes stood at 4593 shares in the last session.

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Godrej Consumer Products Ltd fell for a fifth straight session today. The stock is quoting at Rs 1175.9, down 0.03% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Godrej Consumer Products Ltd has eased around 10.41% in last one month.Meanwhile, Nifty FMCG index of which Godrej Consumer Products Ltd is a constituent, has eased around 9.2% in last one month and is currently quoting at 56902.55, down 0.47% on the day. The volume in the stock stood at 5.36 lakh shares today, compared to the daily average of 10.38 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 1180.5, up 0.3% on the day. Godrej Consumer Products Ltd jumped 19.04% in last one year as compared to a 20.25% rally in NIFTY and a 8.11% spurt in the Nifty FMCG index.

The PE of the stock is 86.94 based on TTM earnings ending September 24.

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