ICICI Securities upgrades Godrej Consumer to 'buy', lifts target to ₹1,300
Godrej Consumer Products shares rose ~2% after ICICI Securities upgraded the FMCG maker to 'buy' from 'add' and raised its target price to ₹1,300 from ₹1,150. The call cites expected double-digit volume growth in core categories and an international turnaround, with projected revenue CAGR of 13%, EBITDA CAGR of 16% and PAT CAGR of 20%.
Godrej Consumer Products shares rose ~2% after ICICI Securities upgraded the FMCG maker to 'buy' from 'add', raising target price to ₹1,300, citing expected double-digit volume growth in core categories and international turnaround.
Why this matters
The upgrade adds to a run of bullish calls on Godrej Consumer, following Nuvama's dual notes flagging up to ~40% upside on rural revival and broad-based sales growth, and comes amid Q1 margin-pressure scrutiny.
Retail-company signals are accelerating, up +677000% QoQ.