Buy Godrej Consumer Products; target of Rs 1455: Sharekhan

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26 Aug, 2025 12:21

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Sharekhan's research report on Godrej Consumer Products

Godrej Consumer Product (GCPL) is expected to post decent performance in Q4FY2024 at the consolidated level driven by better performance by India and Indonesia business while Africa remained subdued due to currency devaluation. India business continued to deliver high-single digit volume growth, which is better than some of the peers who are likely to achieve low to mid-single volume growth. Launch of Good Knight Agarbatti in the HI category is gaining good traction. New products will aid growth in the medium to long run. The stock trades at 53x and 45x its FY2025E and FY2026E earnings.

Outlook

We maintain our Buy on Godrej Consumer Products (GCPL) with an unchanged PT of Rs. 1,455.

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Godrej Consumer Products - 09042024 - khan