Godrej Consumer Products inches ahead

Godrej Consumer Products rose 0.44% to Rs 124.70 at 10:47 IST on BSE on reports the company has forayed into women’s hygiene market in joint venture with Sweden based SCA Hygiene Products AB.

The stock hit a high of Rs 125.40 and a low of Rs 124.15 so far during the day. The stock had a 52-week high of Rs 175.84 on 25 April 2007 and a 52-week low of Rs 93.84 on 22 January 2008.

The company’s current equity is Rs 25.81 crore. Face value per share is Rs 1.

The current price of Rs 124.70 discounts its Q3 December 2007 EPS of Rs 7.35, by a PE multiple of 16.97.

Godrej Consumer Products’ net profit rose 13.2% to Rs 41.47 on 15.9% growth in net sales to Rs 229.05 in Q3 December 2007 over Q3 December 2006.

Godrej SCA Hygiene, a 50:50 joint venture company (JVC) between Godrej Consumer Products and SCA Hygiene Products AB plans to manufacture a range of products. The JVC has acquired a site near Nasik, Maharashtra to set up a manufacturing unit worth Rs 40 crore.

On 2 April 2008, Godrej Consumer Products completed acquisition of 100% stake in South Africa's Kinky Group for a consideration of around South African Rand 265 million.

Godrej Consumer Products makes soaps under the brands Cinthol, Fairglow and Godrej No 1.