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Motilal Oswal Recommends Buying This Consumer Product Stock For 29% Upside, In 1 Year

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Renowned brokerage firm Motilal Oswal has recommended buying stocks of Godrej Consumer (GCPL) with a potential upside of 29%, within a target period of 1 year. After maintaining a Neutral view on GCPL for 10 years, the brokerage firm has now turned bullish on its prospects earlier in FY22.

 

Target Price

Target Price

The Current Market Price (CMP) of Godrej Consumer is Rs. 888. The brokerage firm, Motilal Oswal Recommends has estimated a Target Price for the stock at Rs. 1150. Hence the stock is expected to give a 29% return, in a Target Period of 1 year.

Stock Outlook
Current Market Price (CMP)Rs. 888
Target PriceRs. 1150
1 Year returns29.00%

Company performance

Company performance

Godrej's EBITDA stood at Rs. 23.9 b in FY 21, while it is expected to grow to Rs. 25.1 b in FY 22. PAT stood at Rs. 17.7 b in FY 21, while it is expected to grow at Rs. 17.8 crore in FY 22. Net sales of the company stood at Rs. 110.3 b in FY 21, while it is expected to reach Rs. 122.0 b in FY 22. The domestic volume growth of Godrej is turning healthy as seen in FY21 and 1HFY22 after the underperformance in FY16-20.

Comments by Motilal Oswal
 

Comments by Motilal Oswal

Motilal Oswal said, "There was a clear emphasis on driving double-digit underlying volume growth (UVG) in the medium term. This would be achieved through: a) 50% coming from penetration gains in 50% of the portfolio. Two areas where he has seen impressive progress of late is a) healthy domestic volume growth in the last 18 months, and b) Africa and Latin America businesses are turning around - both of which were problem areas earlier."

About the company

About the company

The Godrej Group was established in 1897 in India, and now they have an enormous revenue of more than US$ 4.1 billion. They have the patronage of 1.1 billion consumers globally across consumer goods, real estate, appliances, agriculture, and many other businesses. The Godrej Group is operating in over 90 countries at present.

Disclaimer

Disclaimer

The above stock was picked from the brokerage report of Motilal Oswal. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.

(Also read: 3 Best SIPs With 5 Star Rating, Those Invest In Large Caps)

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Story first published: Tuesday, December 21, 2021, 13:49 [IST]
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