Add Zee Business as a Preferred Source
Jefferies lists GCPL as its top pick; firm has lowest EBIT exposure to foreign markets
Jefferies added that it was looking forward to the growth or margin trend in RCCL, which is its recent acquisition in the space previously led by the Raymond Group.
)
On a positive note, the brokerage pointed out that GCPL has the lowest EBIT exposure to the international market as compared to peers.
Written By: Roshni Agarwal
Updated: Wed, Jan 10, 2024
10:30 AM IST
10:30 AM IST
ZeeBiz WebDesk
Â
Despite the weak rural growth, foreign brokerage Jefferies has maintained its 'buy' stance on the consumer company Godrej Consumer Products (GCPL). The brokerage has set the target at Rs 1,400, implying a potential upside of 20 per cent from the previous close of Rs 1,163
The brokerage is of the view that the CEO Sudhir Sitapati-led turnaround has taken longer than expected; nevertheless, it sees 2024 as likely to be a year of decisive turnaround. Jefferies added that it was looking forward to the growth or margin trend in RCCL, which is its recent acquisition in the space previously led by the Raymond Group.
TRENDING NOW
The brokerage also highlighted that the depreciation of the Nigerian Naira and royalty model would impact the African region; however, the outlook for the Indo-Pacific region remains optimistic.
On a positive note, the brokerage pointed out that GCPL has the lowest EBIT exposure to the international market as compared to peers.
Furthermore, with EPS set to rise 20 per cent CAGR, GCPL remains the top pick of the brokerage within the consumer segment.
Earlier, after the company’s Q3 business update, CLSA retained its ' sell' rating on the counter, with a target price of Rs 936.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
Roshni Agarwal
Roshni Agarwal
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
)
)
)
)
)
RELATED NEWS
GCPL Q4 FY26 Results: At Rs 452 crore, PAT misses Street estimates; 500% dividend declared
500% Dividend: GCPL declares dividend; record date, payment day, other key details to know
GCPL Q3 Results: Net profit falls 14.24% to Rs 498.31 crore 
GCPL Q3 FY25 Results: PAT falls 14%, margin shrinks by 290 bps; both below Street estimates
