Share Market News: Godrej consumers have adopted a growth-oriented strategy in which in the coming time, you can see a lot of acquisitions, new product range, and TAM i.e. expanding their total addressable market. The company has reinvested in marketing in FY24, 36% year-on-year growth in marketing. Motilal Oswal has given a buy rating with an upside potential of 16% from its current market price. In the coming time, you can see a return of 16-17% in shares.
In FY24, the company made a total sale of Rs 14,096 Cr, in which the operating profit was Rs 2,957 Cr, almost 21% of the total addressable market. In FY25 and FY26, sales of Rs 14,970 Cr and Rs 16,650 Cr have also been estimated.
Business News: US President Donald Trump Launches Gold Card Program for Billionaire Immigrants ...
Business News: SEBI Plans to Launch New Digital Portal For Foreign Portfolio Investors ...
Business News: RBI Decreases Repo Rate For Third Consecutive Time, Loan EMIs Set to Decline ...
IRCTC News: Aadhaar-Based Verification Mandatory for Railway Tickets from July, Know Details ...