Godrej Consumer Shares Rise 11%, Hit Record High On Q3 Earnings
Godrej Consumer Products Ltd.’S Stock Shot Up To A Record High Following The FMCG Company’s Q3 Earnings Announcement. The Share Price Of Godrej Consumer Products Increased 11.66% To A Peak Of Rs 1299.90 On The BSE, Up From The Previous Closing Of Rs 1164.15. Godrej Consumer Products’ Market Value Increased To Rs 1.28 Lakh Billion.
Godrej Consumer Products’ Stock Opened Higher Today At Rs 1205.25 Compared To Its Previous Closing On The BSE Of Rs 1164.15. Over The Counter Transactions Involving 5.34 Lakh Shares Resulted In A Turnover Of Rs 67.86 Crore.
Godrej Consumer Products Stock Has Surged 10% This Year And Risen 35.56% In The Last One Year. Total 5.34 Lakh Shares Of The Firm Changed Hands Amounting To A Turnover Of Rs 67.87 Crore On BSE.
With A Beta Of 0.2, The Stock Shows Little Volatility Over The Course Of A Year. Technically Speaking, The Godrej Consumer Products Stock’s Relative Strength Index (RSI) Is 58.5, Indicating That It Is Neither In The Oversold Nor Overbought Range.
The Five-, Ten-, Twenty-, Thirty-, Fifty-, Hundred-, 150-, And 200-Day Moving Averages Are All Being Exceeded By The Price Of Godrej Consumer Products Shares.
For The December Quarter Of FY24, The Godrej Group Company Reported A 6.4 Percent Increase In Consolidated Net Profit To Rs 581.1 Crore From Rs 546.3 Crore In The Same Period The Previous Year. From Rs 3,599 Crore In The Same Quarter Last Year To Rs 3659.6 Crore In Q3, Total Revenue Increased By 1.7%. The Naira And Argentine Peso Devaluations Had A Major Effect On The Company’s Consolidated Revenue Growth.
At Rs 840.7 Crore, Earnings Before Interest, Tax, Depreciation, And Amortization (EBIDTA) Increased By 15.7% Annually.
EBIDTA Margins Increased By 28 Basis Points Year Over Year To 23 Percent. One Tenth Of A Percentage Point Is Equal To One Basis Point.
While The Volume Of Household Insecticides Increased In The Low Single Digits, The Home Care Industry Saw A 5% Yoy Growth During The Quarter.
Source : By Business Today Via Dailyhunt
