Godrej Shopper Merchandise Shares: Godrej Shopper Merchandise Add, goal value Rs 950: ICICI Securities

There may be an add name on Godrej Shopper Merchandise with a goal value of Rs.950. The present market value is Rs 840.45. The time interval given by the analyst is the yr when . The value could attain the goal set.

Godrej Shopper Merchandise Ltd., integrated within the yr 2000, is a Massive Cap firm (having a market cap of Rs 85845.68 Crore) working in FMCG sector.

The foremost merchandise/income segments of Godrej Shopper Merchandise Restricted embrace Residence Care, Private Care, Hair Care, Different Working Income for the yr ended 31-March-2022.

monetary scenario

For the quarter ended 30-06-2022, the Firm reported Consolidated Complete Revenue of Rs 3152.49 Crore, a development of seven.24% over final quarter’s Complete Revenue of Rs 2939.58 Crore and up from Rs 2915.35 Crore for the corresponding quarter final yr. 8.13% larger. Firm has reported Internet Revenue after Tax of Rs 345.12 Crore in newest quarter.

funding logic
Earnings estimates for FY24E are largely unchanged; Modeling Income / EBITDA / PAT CAGR 10% / 15% / 13% as in comparison with FY22-24E. Keep ADD with SoTP-based revised goal value of Rs.950 (Ex: Rs.900). On the goal value, the inventory will commerce at 42x P/E a number of by Mar-24E. The principle draw back dangers are the structural slowdown and excessive value pressures in home pesticides in India.

Promoter/FII Holdings
As on 30-June-2022, promoters held 63.22 per cent stake within the firm, whereas FIIs held 24.03 per cent, DIIs held 6.05 per cent.

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