Nuvama sees ~40% upside for Godrej Consumer Products on broad-based sales growth
Nuvama reiterates 'Buy' with a Rs 1,505 target, citing 17.1% consolidated revenue growth YoY, 8% India volume and 12% revenue growth, and strong Indonesia and GAUM momentum. Margins may stay soft near-term as gross margin slips 80bps to 51.1% and EBITDA margin eases to 18.2% before recovery.
Nuvama reiterates 'Buy' on Godrej Consumer Products with Rs 1,505 target (~40% upside), citing broad-based domestic and international revenue growth in Q1FY27, though elevated input costs may pressure margins near-term before recovery.
Why this matters
The 'Buy' call follows Godrej Consumer flagging Q1 margin pressure despite high-teens revenue growth, and comes as FMCG majors stay upbeat on demand and easing input costs supporting margins.
Retail-company signals accelerating, up 582100% QoQ.