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Home Consumer Research

Buy Godrej Consumer, price target Rs 720: Chandan Taparia

globalresearchsyndicate by globalresearchsyndicate
January 7, 2020
in Consumer Research
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Buy Godrej Consumer, price target Rs 720: Chandan Taparia
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Chandan Taparia of Motilal Oswal Securities has a buy call on Godrej Consumer Products Ltd. with a target price of Rs 720. The current price of Godrej Consumer Products Ltd. is Rs 706.75. Chandan Taparia recommended to keep a stop loss at Rs 685.

Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 71275.48 Crore) operating in FMCG sector.

Godrej Consumer Products Ltd. key Products/Revenue Segments include Home Care which contributed Rs 2834.32 Crore to Sales Value (49.90 % of Total Sales), Personal Care which contributed Rs 2042.57 Crore to Sales Value (35.96 % of Total Sales), Hair Care which contributed Rs 679.90 Crore to Sales Value (11.97 % of Total Sales), Other Operating Revenue which contributed Rs 122.52 Crore to Sales Value (2.15 % of Total Sales) for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2608.15 Crore, up 11.91 % from last quarter sales of Rs 2330.59 Crore and down 1.27 % from last year same quarter sales of Rs 2641.79 Crore. Company has reported net profit after tax of Rs 413.60 Crore in latest quarter.

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