6 hours Ago By Moneycontrol
Geojit Financial Services research report on Godrej Consumer Products Godrej Consumer Products Ltd (GCPL) is one of India’s leading home-grown household and personal care companies. It also has a presence in Indonesia, Africa, the United States (US) and the Middle East, among others. In Q3FY25, consolidated revenue increased 3.
0% YoY to Rs. 3,768cr mainly owing to flat growth in underlying volume. Revenue from India increased 2.
6% YoY to Rs. 2,262cr led by growth in the home care and personal care segments. The home care segment grew 4.
0% YoY, driven by the strong performance of Goodknight Agarbatti, which gained significant market share in the incense sticks segment. However, lower demand for household insecticides and a slowdown in urban consumption affected premium formats. Personal care grew 2.
0% YoY, despite personal wash volumes declining in the midto-high single digits, while hair colour volumes grew in the mid-single digits. EBITDA fell 16.4% YoY owing to a 7.
3% YoY increase in employee benefit expenses, 6.1% YoY rise in selling, marketing and distribution expenses and 19.7% YoY growth in other expenses.
Outlook Therefore, we upgrade our rating to BUY from HOLD on the stock with a rolled forward target price of Rs. 1,237 using a target multiple of 45x P/E on FY27E. For all recommendations report, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.
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Godrej Consumer Products - 01022025 - geo.
