Buy Godrej Consumer; target of Rs 1220: Firstcall Research

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26 Aug, 2025 12:21

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"Consolidated Net sales for the quarter rose by 8.31% to Rs. 20920.2 mn from Rs. 19315.2 mn in Q4 FY14. India business branded net sales increased by 12%, led by double digit growth across categories. International business grew by 14% on an organic constant currency basis. Q4 FY15 consolidated EBITDA increased by 13.14% to Rs. 4062.7 mn as against Rs. 3590.8 mn in the corresponding period of the previous year, driven by a strong growth of 13% in the India business and 20% in the international business. The net profit grew this quarter at 12.40% and stood at Rs. 2655.7 mn as compared Rs. 2362.8 mn in Q4 FY14."

"With four consecutive quarters of improvement in growth rates in the Indian FMCG sector, GCPL is seeing a gradual improvement in demand. The company remains optimistic that as the economy gathers pace in FY16, FMCG growth in FY16 will be better than that in FY15. While the macro-economic environment in some of its international markets remains challenging, GCPL confident of continuing to grow ahead of the market and improve its market share. Overall, company will strive to deliver a stronger operating performance in the fiscal year 2016. The medium and long-term growth prospects in India and GCPL other emerging markets remain robust. With the company clear strategic focus, differentiated product portfolio, superior execution and topnotch team, GCPL will continue to deliver industry-leading results in the future. Hence, we recommend ‘BUY’ for ‘Godrej Consumer Products Ltd’ with a target price of Rs 1220 for medium to long term investment", says Firstcall Research Report.

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