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Godrej Consumer Plunges 3%; BSE FMCG Index Down 0.1%
Wed, 24 Jul 9:53

Godrej Consumer Plunges 3%; BSE FMCG Index Down 0.1%Image source: DNY59/www.istockphoto.com

Godrej Consumer share price has plunged 3% and is presently trading at Rs 1,473.0.

Meanwhile, the BSE FMCG index is at 22,532.2 (down 0.1%).

Among the top losers in the BSE FMCG index today are Dabur (down 4.3%) and Marico (down 2.7%).

AVANTI FEEDS (up 7.5%) and Shree Renuka Sugars (up 4.5%) are among the top gainers today.

Over the last one year, Godrej Consumer has moved up from Rs 1,035.6 to Rs 1,473.0, registering a gain of Rs 437.4 (up 42.2%).

On the other hand, the BSE FMCG index has moved up from 18,998.8 to 22,532.2, registering a gain of 18.6% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 156.0%), JYOTHY LABS (up 115.3%) and BOM.BURMAH (up 93.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,190.2 (down 0.3%).

The top losers among the BSE Sensex today are Hindustan Unilever (down 2.7%) and Bajaj Finance (down 2.3%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,375.4 (down 0.4%). Hindustan Unilever and Tata Consumer Products are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,384.8 to 80,190.2, registering a gain of 13,805.4 points (up 20.8%).

Godrej Consumer Financial Update...

Godrej Consumer net profit fell 518.7% YoY to Rs -18,932 million for the quarter ended March 2024, compared to a profit of Rs 4,521 million a year ago. Net sales rose 5.8% to Rs 33,856 million during the period as against Rs 32,002 million in January-March 2023.

For the year ended March 2024, Godrej Consumer reported 132.9% decrease in net profit to Rs -5,606 million compared to net profit of Rs 17,025 million during FY23. Revenue of the company grew 5.9% to Rs 140,961 million during FY24.

The current Price to earnings ratio of Godrej Consumer, based on rolling 12 month earnings, stands at -268.8.


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