|
12 Sep 2025 |
Godrej Consumer Products
|
Consensus Share Price Target
|
1249.70 |
1371.36 |
- |
9.74 |
buy
|
|
|
|
|
25 Dec 2023
|
Godrej Consumer Products
|
Motilal Oswal
|
1249.70
|
1210.00
|
1074.25
(16.33%)
|
Target met |
Buy
|
|
|
|
|
08 Nov 2023
|
Godrej Consumer Products
|
Geojit BNP Paribas
|
1249.70
|
1171.00
|
1015.50
(23.06%)
|
Target met |
Buy
|
|
|
|
|
03 Nov 2023
|
Godrej Consumer Products
|
BOB Capital Markets Ltd.
|
1249.70
|
1159.00
|
1020.70
(22.44%)
|
Target met |
Buy
|
|
|
Volume-led growth continues in India business at 11% YoY in Q2; margin expands despite elevated media spend
|
|
02 Nov 2023
|
Godrej Consumer Products
|
ICICI Securities Limited
|
1249.70
|
1050.00
|
991.15
(26.09%)
|
Target met |
Accumulate
|
|
|
Overall result was soft. India business performance was subdued (4% YoY volume, -2% YoY price) impacted by flattish revenue growth in HI due to poor monsoon, while that in hair colour was impacted by Shravan. Revenue performance in soap has also been modest (~2% YoY volume).
|
|
08 Aug 2023
|
Godrej Consumer Products
|
BOB Capital Markets Ltd.
|
1249.70
|
1159.00
|
1009.45
(23.80%)
|
Target met |
Buy
|
|
|
Volume-led growth continues in India business at 12% YoY in Q1; margin expansion seen across geographies
|
|
08 Aug 2023
|
Godrej Consumer Products
|
Sharekhan
|
1249.70
|
1250.00
|
1020.15
(22.50%)
|
Target met |
Buy
|
|
|
|
|
08 Aug 2023
|
Godrej Consumer Products
|
ICICI Securities Limited
|
1249.70
|
1100.00
|
1030.70
(21.25%)
|
Target met |
Accumulate
|
|
|
GCPL delivered a strong volume-led outperformance in all key segments. Seasonality benefits (weak summer) and revenue outperformance in non-mosquito segment have contributed to higher revenue growth in HI, while price cuts in soaps drove volume growth in personal care segment.
|
|
07 Aug 2023
|
Godrej Consumer Products
|
Motilal Oswal
|
1249.70
|
1200.00
|
1030.70
(21.25%)
|
Target met |
Buy
|
|
|
|
|
19 May 2023
|
Godrej Consumer Products
|
Geojit BNP Paribas
|
1249.70
|
1152.00
|
1009.75
(23.76%)
|
Target met |
Buy
|
|
|
|
|
11 May 2023
|
Godrej Consumer Products
|
ICICI Securities Limited
|
1249.70
|
1050.00
|
982.60
(27.18%)
|
Target met |
Accumulate
|
|
|
Continued thrust on category development (witnessing early signs of success), simplification of international business (w.r.t SKUs, distribution, company structure), focus on integrating technology in decision making (for media investments, demand and financial forecasting) and cost savings (+150bps saving in FY23) were the key markers in GCPL’s analyst meet.
|
|
11 May 2023
|
Godrej Consumer Products
|
BOB Capital Markets Ltd.
|
1249.70
|
1159.00
|
982.60
(27.18%)
|
Target met |
Buy
|
|
|
Robust volume-led growth aided 12% YoY rise in India revenue; Indonesia business saw strong recovery
|
|
10 May 2023
|
Godrej Consumer Products
|
ICICI Securities Limited
|
1249.70
|
1050.00
|
962.45
(29.85%)
|
Target met |
Accumulate
|
|
|
We like the strong volume-led revenue growth in all key segments. Volume growth (India branded business) has been one of the highest (at 5% 4Y volume CAGR) compared to peers (2% DABUR, 3% HUL, 6% MARICO). Revenue performance (YoY) in Household Insecticide business has been stronger (vs 3QFY23).
|
|
01 May 2023
|
Godrej Consumer Products
|
ICICI Securities Limited
|
1249.70
|
1000.00
|
907.50
(37.71%)
|
Target met |
Accumulate
|
|
|
The consensus believes that GCPL’s acquisition of Raymond’s FMCG business (predominantly deodorants and condoms) is negative (stock declined ~10% from peak). We reckon it’s a classic case of fundamentals vs. narrative.
|
|
05 Apr 2023
|
Godrej Consumer Products
|
Sharekhan
|
1249.70
|
1100.00
|
967.65
(29.15%)
|
Target met |
Buy
|
|
|
|
|
03 Mar 2023
|
Godrej Consumer Products
|
Motilal Oswal
|
1249.70
|
1080.00
|
925.75
(34.99%)
|
Target met |
Buy
|
|
|
|
|
01 Feb 2023
|
Godrej Consumer Products
|
ICICI Securities Limited
|
1249.70
|
1000.00
|
929.70
(34.42%)
|
Target met |
Accumulate
|
|
|
We reiterate GCPL is a long gestation turnaround story. Measures of reducing complexity (reducing working capital and distributor model in Indonesia) and category development (launched two access packs in LV and aerosol format in HI) are steps in the right direction, however, take time in yielding results (some part of consensus was expecting a quick turnaround).
|
|
01 Feb 2023
|
Godrej Consumer Products
|
BOB Capital Markets Ltd.
|
1249.70
|
1112.00
|
929.70
(34.42%)
|
Target met |
Buy
|
|
|
Q3 sales grew 9% INR and 15% CC YoY; underlying volume growth stood at 1%
|
|
15 Nov 2022
|
Godrej Consumer Products
|
Geojit BNP Paribas
|
1249.70
|
954.00
|
838.90
(48.97%)
|
Target met |
Buy
|
|
|
|
|
10 Nov 2022
|
Godrej Consumer Products
|
IDBI Capital
|
1249.70
|
984.00
|
819.00
(52.59%)
|
Target met |
Buy
|
|
|
|
|
09 Nov 2022
|
Godrej Consumer Products
|
Motilal Oswal
|
1249.70
|
1005.00
|
814.85
(53.37%)
|
Target met |
Buy
|
|
|
|