Godrej Consumer Products shares surged over 3% following a positive brokerage review of its Q2 performance. Morgan Stanley has maintained its Equal-Weight rating on Godrej Consumer Products Limited (GCPL), with a target price of ₹1,313. The company reported several encouraging factors in its Q2 results, including domestic volume growth, increased advertising and promotion (A&P) spending, and market share gains in the soap segment. The current market price (CMP) stands at ₹1,294.95.
Key Financial Highlights:
- Revenue from Operations: GCPL recorded a revenue of ₹3,647 crores in Q2 FY25, up 2% YoY from ₹3,568.36 crores in Q2 FY24. It also saw a quarter-on-quarter (QoQ) increase from ₹3,310.78 crores in Q1 FY25, indicating steady growth.
- Net Profit: The company’s net profit for Q2 FY25 stood at ₹491.31 crores, a 14% YoY increase from ₹432.77 crores in Q2 FY24. This improvement reflects GCPL’s ongoing efforts to optimize costs and improve margins.
In addition, GCPL declared an interim dividend of ₹5 per share for FY25, with the record date set for November 1, 2024. The dividend is expected to be paid by November 23, 2024.
As of 10:38 am, the shares were trading 3.18% higher at ₹1,294.95 on NSE.
