Established in 1969, RCCL specializes in the production and distribution of personal care and hygiene products. The company, based in Thane, Maharashtra, India, is primarily engaged in the manufacturing and marketing of personal care and grooming products, including deodorants, perfumes, and shaving products, under various brand names such as Park Avenue, KamaSutra. RCCL holds a dominant position as a leader in the Indian markets for deodorants and condoms, and also maintains a strong competitive presence in several other product categories. With a reach spanning over 6.5 lac point of sales in India, RCCL's growth trajectory continues to rise steadily.
OutlookWe reiterate our BUY rating with a TP of INR1,050 (based on SoTP valuation: 50x domestic business, 20x Indonesia business, 15x GAUM, other business and RCCL).
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