Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
819.45
Change Change %
-1.35 -0.16%

Updated:21 Sep, 2018, 15:59 PM IST

BSE
819.30
Change Change %
-4.40 -0.53%

Updated:21 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nomura
N/A
01-08-2017 Buy 964.80 945.00
N/A
Target Hit Long (1Y)
01-08-2018

Nomura downgrades Godrej Consumer Products to reduce

Godrej Consumer's 1QFY18 was 20% below both our and Street expectations. Domestic business volumes were held back by aggressive pricing and GST-related destocking by the trade. Its international business, on the other hand. suffered due to a weak Indonesia business and currency-related translation losses. 1Q EBITDA margin was weak due to a higher marketing spend and higher than expected other expenses.

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