FMCG
FMCG - Personal Care
from 2,023 today
We cut our FY27/FY28 EPS estimates by 1.9/1.2% led by less than expected volume growth, input cost pressure in soaps/tea requiring price hikes, competition/crude led margin pressure in home care, and a likely pick up in ad-spends. We assign DCF based target price of Rs2320 and expect some bottom fishing at this level given stock trades at 39.6x FY28 EPS.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
