Nuvama backs Godrej Consumer, Dabur & Sobha with up to 40% upside on rural revival
Nuvama maintains 'Buy' on Godrej Consumer (PT Rs 1,505, ~40% upside) and Dabur (PT Rs 620, ~40%), citing improving rural demand and margin recovery. GCPL India volumes rose 8% YoY, Dabur India volumes 7%. Realtor Sobha (PT Rs 1,702, 18%) posted Q1FY27 pre-sales of Rs 3,660 cr, up 76% YoY.
Nuvama maintains 'Buy' on Godrej Consumer and Dabur India (both ~40% upside) plus realtor Sobha (18%), citing improving rural demand, volume growth, and margin recovery in their Q1FY27 business updates.
Why this matters
The call follows Nuvama's earlier ~40% upside view on GCPL and the Q1 preview flagging strong sales against margin pressure, now reinforced by rural demand recovery.
Retail-company signals accelerating, up +615200% QoQ.