Godrej Consumer Products Ltd Share Price – NSE /  BSE

FMCG, Mid Cap

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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Profit before exceptional item and tax (PBT) stood at Rs 712.44 crore in September 2024 quarter, up 12.74% YoY. The company reported an exceptional loss of Rs 5.78 crore during the quarter.

During the quarter, EBITDA grew 8% YoY and EBITDA margin increased by 110 bps to 20.8%.

Home care segment grew 12%. Household Insecticides volume grew in mid-single digit. The new liquid vaporiser has been well received with positive initial consumer feedback. Air Fresheners continue to consistently deliver strong double-digit volume growth. Air Fresheners continue to consistently deliver strong double-digit volume growth. After a strong performance, Genteel and Godrej Fab continue to perform very well and gain market share.

Personal care segment increased 3%. Personal Wash delivers flattish volume growth. . Magic Handwash continues to deliver strong double-digit volume growth and gain market share. Hair Colours volume grew in double digits. Godrej Expert Rich Crème access packs continue to outperform. Shampoo Hair Colour continues to grow in strong double-digit in volume terms.

Indonesia sales grew by 11% in constant currency terms and 9% in INR terms amd volumes grew by 7%.

Africa, USA and Middle East (organic) sales declined 10% in INR terms due to currency volatility. Absolute EBITDA grew by 33% to Rs 93 crore during the quarter.while EBITDA margin at 14.4%, up 590 bps YoY led by gross margin expansion, mix improvement and reduction in controllable costs.

Sudhir Sitapati, managing director and CEO, GCPL, said, “GCPL has had a steady quarter given the headwinds of oil costs and tough consumer demand in India. Our Standalone business grew by 7% in both volume and value and flat reported EBITDA. Our standalone EBITDA margin at 24.3% is at the lower end of our targeted band and is caused entirely by high inflation on palm oil.

Indonesia continued its steady performance with 7% volume, 9% revenue and 17% EBITDA growth. GAUM continued to have a weak topline quarter but an exceptional bottom-line quarter. While organic volumes declined by 8% and value declined by 10%, reported EBITDA grew by 33%. Our margins are now 14.4%

While the overall quarter was 5% organic UVG, 5% organic USG and 8% reported EBITDA, the topline performance in Asia and the bottom-line performance in our international businesses have been encouraging. Our focus is on continuing and improving our volume growth story while the palm oil price volatility plays out over the next few quarters.”

Meanwhile, the company’s board declared an interim dividend of Rs 5 per share for financial year 2024-2025. The record date is fixed as 1 November, 2024 and it will be paid on or before 23 November 2024.

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

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Net profit of Godrej Consumer Products rose 13.53% to Rs 491.31 crore in the quarter ended September 2024 as against Rs 432.77 crore during the previous quarter ended September 2023. Sales rose 2.21% to Rs 3647.11 crore in the quarter ended September 2024 as against Rs 3568.36 crore during the previous quarter ended September 2023.

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Godrej Consumer Products announced that the Board of Directors of the Company at its meeting held on 24 October 2024, inter alia, have recommended the interim dividend of Rs 5 per equity Share (i.e. 500%) , subject to the approval of the shareholders.

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