External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Godrej Consumer Products / Equity Bottom-Up

<ul><li>We upgrade GCPL to BUY from ADD with a TP of Rs 1450 (50x FY26 EPS, 20% premium to its 5-year average PE) as it is poised to deliver revenue, EBITDA and PAT CAGRs of 10/18/18% over FY23-26, the highest earnings growth amongst our consumer staples coverage universe</li><li>Our confidence in achieving strong earnings growth in the high teens is led by two factors: (1) Expanding Market Presence in India and Indonesia: These two markets, which constitute 70% of our consolidated sales, are poised for high single-digit volume growth</li><li>This growth is led by disruptive innovations in existing categories such as Household Insecticides, as well as the expansion into newer categories like air care and hair care</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We upgrade GCPL to BUY from ADD with a TP of Rs 1450 (50x FY26 EPS, 20% premium to its 5-year average PE) as it is poised to deliver revenue, EBITDA and PAT CAGRs of 10/18/18% over FY23-26, the highest earnings growth amongst our consumer staples coverage universeOur confidence in achieving strong earnings growth in the high teens is led by two factors: (1) Expanding Market Presence in India and Indonesia: These two markets, which constitute 70% of our consolidated sales, are poised for high single-digit volume growthThis growth is led by disruptive innovations in existing categories such as Household Insecticides, as well as the expansion into newer categories like air care and hair careContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Godrej Consumer (4QFY24): All Ducks in a Row for Strong Earnings Growth