Strong volume drives growth in India business

Company
26 Dec 2023
5 Min read 
  • Godrej Consumer Products Ltd (GCPL) focuses on three key pillars for growth: category development, simplification, and prioritizing people and the planet.
  •  GCPL aims to disrupt underdeveloped categories like household insecticides, air care, and hair color through innovation-led growth.
  •  The company is committed to optimizing resources through SKU rationalization and business model optimization.
  •  GCPL's international business is thriving, with strong growth in the Indonesian hair care category and FMCG in Africa and Latin America.
  •  The integration of RCCL is nearly finished, and the company is focusing on strategic investments for future growth.
  •  GCPL is outpacing industry growth in the Indian FMCG market and aims to achieve double-digit volume growth.
  •  The company aims to sustain a consistent dividend stream and faces minimal competition from local players.
  •  The profitability outlook is improving, and return ratios are expected to improve.
  •  Valuation and view: Motilal Oswal research reiterates a BUY rating with a target price of INR1,210.
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