Godrej Consumer Products sees strong Q2 outlook, shares gain
Godrej Consumer Products expects second-quarter consolidated revenue to rise in high-teens percentage and EBITDA to grow in double-digits, driven by strong demand for personal and home care products.
90 rupees, putting the stock on course to end a five-session losing run. The consumer goods maker said second-quarter consolidated revenue is expected to rise in the high-teens percentage, with volume growth in the high-single-digit range and double-digit EBITDA growth. The company said the outlook is supported by strong demand for personal care and home care products despite the impact of trade inventory correction. Nomura maintained its "buy" rating and 1,110 rupees price target, saying brand investment and new launches should support medium-term growth, though it remained cautious about higher spending.
5% year on year, both above brokerage estimates. LSEG data showed the stock is rated a "buy" on average by 33 analysts, with a median price target of 1,210 rupees. 55% year to date.