Net Sales are expected to increase by 5.4 percent Y-o-Y (up 19.3 percent Q-o-Q) to Rs. 2,802.3 crore, according to Kotak.
Early company updates show that the consumer economy remains under stress but there’s a way out of slow growth
GCPL has paid $20.89 million cash consideration - $13.80 million to Godrej West Africa Holdings and $7 million for Darling Trading Company - for acquisition of five percent stake in each firms
The firm says the FMCG major may report acceleration in domestic volume growth.
The announcement of macro data such as IIP for July month and CPI & WPI for August month will provide direction to the markets.
Sharekhan recommended Hold rating on Godrej Consumer Products with a target price of Rs 650 in its research report dated August 01, 2019.
Sharekhan recommended Hold rating on Godrej Consumer Products with a target price of Rs 734 in its research report dated July 01, 2019.
Sharekhan recommended Hold rating on Godrej Consumer Products with a target price of Rs 734 in its research report dated May 03, 2019.
Godrej Consumer is expected to report net profit at Rs. 477.2 crore up 12.7 percent year-on-year (up 14.3 percent quarter-on-quarter), Kotak said in a report.
On the question of competition in the soaps category, Kataria said that the soap segment has always been a competitive category despite 100 percent penetration.
Dolat Capital recommended accumulate rating on Godrej Consumer Products with a target price of Rs 835 in its research report dated January 29, 2019.
'Expect to be able to continue to drive profitable growth in Q4 and in FY20,' said CEO Vivek Gambhir.
Motilal Oswal maintained neutral rating on the stock with revised price target at Rs 805 and cut EPS estimates by 3.2/2.3 percent for FY19/FY20
Household Insecticides continued to see stagnant performance with 2 year CAGR of mere 3 percent. Company noted flat growth mainly driven by unfavorable season in South India. However, this is strikingly contrast to growth seen by Jyothi labs in this segment in Q3 (12 percent YoY).
Its total income increased by around 3 percent to Rs 2,744.57 crore during the quarter, compared with Rs 2,666.23 crore in the corresponding quarter of 2017-18.
The estimated loss from the fire is approximately Rs 35 crore (including potential business disruption), Godrej said.