GCPL
from 903 today
Hollow marker shows the firm’s previous target.
We remain constructive on GCPL and reiterate BUY with a TP of INR1,150, based on 35x Sep'28E EPS, as management maintained its FY27 guidance and outlined mid-term ambitions of mid-teens revenue and profit growth.
We have a BUY rating on the stock with a TP of INR1,300. While the unexpected leadership transition could weigh on the stock in the near term, we do not expect any change in the company's core strategy or its long-term plan of achieving double-digit earnings growth.
Godrej Consumer reported a strong but in-line Q1FY27 with consolidated revenue/EBITDA growing 18%/15% YoY. We like management’s FY27 consolidated revenue growth guidance upgrade and foray into liquid dish wash category, yielding a revised TP of INR1,485; maintain BUY.
India business continues to deliver healthy volume-led growth, with GCPL gaining HI market share, while speedboats continue to scale. Near-term commodity inflation persists; however, management expects India margins to recover in 2HFY27 and remains confident of exceeding its FY27 revenue guidance. We expect continued improvement in international profitability, led by recovery in Indonesia and strong momentum in GAUM.
India business continues to deliver healthy volume-led growth with GCPL gaining market share, while management expects India margins to recover in 2HFY27 and remains confident of exceeding its FY27 revenue guidance. We model 15% revenue and EBITDA CAGR each over FY26-28E and reiterate BUY.
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