Buy Godrej Consumer Products, target price Rs 1080: Motilal Oswal Financial Services

Motilal Oswal Financial Services has buy call on Godrej Consumer Products with a target price of Rs 1080. The current market price of Godrej Consumer Products is Rs 948.45.

Godrej Consumer Products, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 96767.43 Crore) operating in FMCG sector.

Godrej Consumer Products key Products/Revenue Segments include Home Care, Personal Care, Hair Care, Other Operating Revenue for the year ending 31-Mar-2022.

Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 3642.07 Crore, up 6.13 % from last quarter Total Income of Rs 3431.79 Crore and up 9.54 % from last year same quarter Total Income of Rs 3324.99 Crore. Company has reported net profit after tax of Rs 546.34 Crore in latest quarter.

The company’s top management includes Ms.Nisaba Godrej, Ms.Pippa Tubman Armerding, Ms.Ndidi Nwuneli, Mr.Omkar Goswami, Mr.Narendra Ambwani, Ms.Ireena Vittal, Ms.Tanya Dubash, Mr.Jamshyd N Godrej, Mr.Nadir Godrej, Mr.Pirojsha Godrej, Mr.Sudhir Sitapati, Mr.Sumeet Narang. Company has BSR & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 102 Crore shares outstanding.

Investment Rationale
GCPL, a major beneficiary of the recent palm oil cost reduction, is the brokerage's second preferred pick among Staples.

Promoter/FII Holdings
Promoters held 63.21 per cent stake in the company as of 31-Dec-2022, while FIIs owned 24.04 per cent, DIIs 6.73 per cent.