The company is focused on strengthening its supply chain operations and enhancing its distribution network to meet the robust demand in Household Insecticides, Personal Wash, and Hygiene and Hair care segments. However, increase in commodity prices is expected to affect margins in the near-future. Hence, we maintain our HOLD rating on the stock with a revised target price of Rs. 992 based on 46x FY23E EPS. Broad based growth across Home care and Personal care GCPL's consolidated revenue rose 8.5% YoY to Rs. 3,164cr in Q2FY22, aided by broadbased growth within categories of Home care and Personal care. Home care segment...