25 Oct 2024

Godrej Consumer Products Shares Surge as Q2 Consolidated Net Profit Rises by 14%

Shares of Godrej Consumer Products are trading at Rs. 1,290.50, marking an increase of 36 points or 2.87% from the previous close of Rs. 1,254.50 on the BSE.

The stock opened at Rs. 1,310.95, reaching a high of Rs. 1,315.95 and a low of Rs. 1,275.10 during the session. A total of 18,154 shares have been exchanged so far.

This 'A' group stock, with a face value of Rs. 1, hit its 52-week high of Rs. 1,541.30 on September 11, 2024, and its 52-week low of Rs. 959.55 on October 26, 2023.

Over the last week, the stock traded between a high of Rs. 1,350.00 and a low of Rs. 1,238.70. The company's market capitalization currently stands at Rs. 1,28,325.83 crore.

Promoters hold a 63% stake in the company, while institutional investors and non-institutional investors hold 31.64% and 5.36%, respectively.

Godrej Consumer Products reported a 19.04% decline in standalone net profit, down to Rs. 392.54 crore for Q2 FY25, compared to Rs. 484.87 crore in the same period last year. However, the company's total income rose by 2.16% to Rs. 2,376.03 crore compared to Rs. 2,325.76 crore in the corresponding quarter last year.

On a consolidated basis, the company posted a 13.53% increase in net profit, reaching Rs. 491.31 crore for Q2 FY25, up from Rs. 432.77 crore in the previous year. Consolidated total income grew by 2.30% to Rs. 3,752.32 crore compared to Rs. 3,667.88 crore in the same quarter last year.