52-week high alert: FMCG mega player declares dividend of Rs 10 per share; Do you own it?
The company achieved a substantial underlying volume growth of 12 per cent, coupled with a notable top-line growth of 6 per cent.
Today, the shares of Godrej Consumer Products Limited soared by 6.22 per cent. Additionally, the stock hits fresh 52-week high mark of Rs 1,349.65 apiece on BSE. Furthermore, the scrip witnessed a spurt in volume by more than 3.78 times. The company's current market capitalization standing at Rs 1,36,546.51 crore.
Stock performance:
On Tuesday, the stock opened at Rs 1267.80, with the previous closing being Rs 1250.75. The 52-week high and low are Rs 1,349.65 and Rs 932.05, respectively as per BSE.
Recent Development - Q4FY24 Highlights:
In the fourth quarter of FY24, GCPL delivered robust performance across its consolidated metrics. Despite facing challenges in the Household Insecticides category due to prolonged winter in certain regions, the company achieved a solid 12 per cent underlying volume growth and 6 per cent top line growth. EBITDA grew by 18 per cent, and net profit surged by 22 per cent. The company has accounted for an exceptional charge of Rs 2,378 crore in its GAUM business, resulting in a reported net loss of Rs 1,893 crore in its PAT.
In India, GCPL witnessed a volume growth of 15 per cent and sales growth of 12 per cent, with EBITDA growth at 12 per cent. Furthermore, organic volume and sales growth stood at 7 per cent and 5 per cent, respectively. Notwithstanding the challenges in the Household Insecticides category, the company delivered strong performances in Personal Wash, Hair Colors, Air Fresheners, and Fabric Care segments, with encouraging results from the launch of Incense Sticks.
Shareholders have received positive news as the company has declared an interim dividend of Rs 10 per share for the fiscal year 2024-25. The record date to determine the eligible shareholders for receiving the dividend is scheduled for Tuesday, May 14, 2024. Shareholders can expect to receive the dividend on or before Wednesday, June 5, 2024.
In line with its commitment to offering health and beauty solutions to consumers, GCPL introduced new products like Cinthol Foam Bodywash in select Indian markets in April, priced at 120. This product targets the rapidly growing Bodywash segment, which currently stands at approximately Rs 700 crore and is growing at over 20 per cent annually.
About the Company:
Godrej Consumer Products is a leading fast-moving consumer goods (FMCG) company that specializes in manufacturing and marketing a wide range of household and personal care products.
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Business Development:
In terms of product-wise distribution, Godrej Consumer Products revenue is predominantly derived from two main categories: Household Insecticides and Personal Care, which contribute 48.47 per cent and 47.92 per cent to the total revenue, respectively. A smaller portion of revenue, 3.61 per cent, comes from other product categories.
Geographically, the revenue breakdown highlights India as the primary market, accounting for 59.68 per cent of the total revenue. Africa follows with a contribution of 25 per cent, while Indonesia constitutes 12.63 per cent. Other regions contribute a minor portion of 2.69 per cent to the overall revenue.
Furthermore, the stock has experienced significant buying activity, yielding returns of more than 42 per cent in the last one year.
Disclaimer: The article is for informational purposes only and not investment advice.