Buy Godrej Consumer Products; target of Rs 1055: Sharekhan
Sharekhan is bullish on Godrej Consumer Products has recommended buy rating on the stock with a target price of Rs 1055 in its research report dated January 31, 2023.02-02-2023
02-02-2023
GODREJ CONSUMER PRODUCTS LTD. - 532424 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Please note that the Audio Recording of Conference Call of Godrej Consumer Products Limited with the Investors and Analysts held on Tuesday, January 31, 2023 at 5:45 p.m. is available / accessible at the website of the Company at the below weblink: https://www.godrejcp.com/public/uploads/financial_presentation/Playback-of-3QFY23-Earnings-Call.mp3 Please take the same on your records.31-01-2023
Godrej Consumer Products Q3 profit rises 3.55% to Rs 546.34 crore
The company had posted a consolidated profit after tax of Rs 527.6 crore in the same period last fiscal, Godrej Consumer Products Ltd (GCPL) said in a regulatory filing.31-01-2023
Godrej Consumers profit up by 3.5% to 546.3 cr, revenue rises 9%
The consolidated revenue from operations was up by 9 per cent to 3,598.9 crore as against 3,302.6 crore31-01-2023
Q3FY23 Quarterly Result Announced for Godrej Consumer Products Ltd.
Godrej Consumer Products announced Q3FY23 results: Consolidated Q3FY23: Q3FY23 sales grew by 9% INR and 15% constant currency YoY. India business sales grew by 11% YoY. Indonesia sales declined by 3% in INR and constant currency terms, YoY; Ex-hygiene growth of 2% in INR and constant currency. Africa, USA and Middle East sales grew by 14% in INR and 23% in constant currency terms, YoY. Latin America & SAARC sales declined by 8% in INR and grew 47% in constant currency terms, YoY. Q3FY23 consolidated EBITDA grew by 10% YoY Q3FY23 consolidated net profit grew by 13% YoY (without exceptional items and one-offs) India Q3FY23: Q3FY23 India sales grew by 11% to Rs 1,975 crore; volume grew by 3%. Q3FY23 EBITDA grew by 20% to Rs 540 crore. Q3FY23 net profit without exceptions and one-offs grew by 28% to Rs 467 crore. Commenting on the business performance of 3QFY23, Sudhir Sitapati, Managing Director and CEO, GCPL, said: "We delivered an all-round performance in 3QFY23. Overall sales grew by 9% and we witnessed sharp sequential uplift in underlying volume growth. Consolidated volume grew by 1%. Our overall quality of profits has been healthy with double-digit EBITDA growth of 10%. Gross margins expanded by 330 bps QoQ and 50 bps YoY. Continued upfront working media investments grew by 28%. PAT, without exceptional items and one-offs, grew by 13%. We had broad-based growth across geographies. India delivered double-digit sales growth of 11%. Our Africa, USA and Middle East businesses continued its strong growth trajectory, growing at 14% in INR and 23% in constant currency terms. Performance in our Indonesian business is gradually recovering, declining by 3% in INR and constant currency terms. Indonesia growth ex-Hygiene category was 2% in constant currency. From a category perspective, in India, we saw broad-based double-digit growth; Personal Care grew by 14% and Home Care grew by 10%. With commodity pressures abating, we expect gradual recovery in consumption, expansion in gross margins, upfront marketing investments with a significant focus on reducing controllable costs and improvement in profitability in the coming quarters. We continue to have a healthy balance sheet and are also net cash positive. We are on track in our journey to reduce inventory and wasted cost and are deploying this to drive profitable and sustainable volume growth across our portfolio through category development. We remain committed to our purpose of bringing the goodness of health and beauty to consumers in emerging markets." Result PDF31-01-2023
GODREJ CONSUMER PRODUCTS LTD. - 532424 - Results- Financial Results For The Quarter Ended December 2022
At the meeting of the Board of Directors of the Company held today, the Board has taken on record the unaudited financial results (Standalone & Consolidated) for the quarter ended December 31, 2022. The said results have been subjected to limited review by the Statutory Auditors. The results and Limited Review Report is also enclosed herewith. The Exchanges are also informed that the Board meeting commenced at 12.30 p.m. and the results were approved by 1.05 p.m. and the Board Meeting continued thereafter for other matters. This communication is in compliance with the Listing Regulations and other provisions as applicable.31-01-2023
GODREJ CONSUMER PRODUCTS LTD. - 532424 - Board Meeting Outcome for Outcome Of Board Meeting - January 31, 2023
At the meeting of the Board of Directors of the Company held today, the Board has taken on record the unaudited financial results (Standalone & Consolidated) for the quarter ended December 31, 2022. The said results have been subjected to limited review by the Statutory Auditors. The results and Limited Review Report is also enclosed herewith. The Exchanges are also informed that the Board meeting commenced at 12.30 p.m. and the results were approved by 1.05 p.m. and the Board Meeting continued thereafter for other matters. This communication is in compliance with the Listing Regulations and other provisions as applicable.31-01-2023
GODREJ CONSUMER PRODUCTS LTD. - 532424 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Dear Sirs, Pursuant to Regulation 39(3) of Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the details about loss of share certificates.25-01-2023
GODREJ CONSUMER PRODUCTS LTD. - 532424 - Outcome Of Postal Ballot Held From December 23, 2022 To January 21, 2023
Outcome of Postal Ballot held from December 23, 2022 to January 21, 202324-01-2023
GODREJ CONSUMER PRODUCTS LTD. - 532424 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We attach herewith a communication on the schedule of Concall with Investors and Analysts on January 31, 2023.23-01-2023