BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nomura downgrades Godrej Consumer Products to reduce
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.