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Motilal Oswal Recommends Buying Godrej Consumer Products with a Target Price of Rs 1150

Motilal Oswal Financial Services has issued a “buy” call on Godrej Consumer Products Ltd., setting a target price of Rs 1150. Currently, Godrej Consumer Products is trading at Rs 982.6 in the market.

Godrej Consumer Products Ltd., established in the year 2000, is a large-cap company operating in the FMCG sector, with a market capitalization of Rs 99,227.77 Crore.

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Key Products/Revenue Segments for Godrej Consumer Products Ltd. include Personal Care and Other Operating Revenue, for the fiscal year ending on March 31, 2023.

In terms of financials, for the quarter ending on June 30, 2023, the company reported a consolidated total income of Rs 3,518.02 Crore, reflecting a growth of 7.98% from the total income of Rs 3,258.07 Crore in the previous quarter. Additionally, there was an increase of 11.59% from the total income of Rs 3,152.49 Crore in the same quarter the previous year. The company recorded a net profit after tax of Rs 318.82 Crore in the latest quarter.

As of June 30, 2023, the promoters held a 63.21% stake in the company, while foreign institutional investors (FIIs) owned 23.53%, and domestic institutional investors (DIIs) held 7.37%.

Investors may consider this “buy” call from Motilal Oswal Financial Services when evaluating their investment decisions. The target price of Rs 1150 suggests potential growth for Godrej Consumer Products in the future. However, it’s important to conduct thorough research and consider your own financial goals and risk tolerance before making any investment decisions.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​
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