Godrej Consumer Products (GOCP.BO)

研报英文原文证据摘录

Godrej Consumer Products (GOCP.BO)

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05 Jul 2026 18:59:25 ET │ 11 pages

Broad-Based Momentum Continues; Strong Likelihood of Exceeding

FY27 Profit Guidance

CITI’S TAKE Buy

Godrej Consumer’s 1QFY27 trading update points to a strong start to Price (03 Jul 26 15:30) Rs1,074.00

FY27, with the company expecting high-teens consolidated revenue Target price Rs1,300.00

growth, supported by high-single-digit underlying volume growth (UVG).

Expected share price Growth appears broad-based across businesses, with India sustaining 21.0%

return double-digit growth, Indonesia posting a meaningful acceleration to mid-

teens growth and GAUM delivering another quarter of strong double-digit Expected dividend yield 2.1%

growth. Importantly, despite elevated commodity costs and sourcing Expected total return 23.1%

disruptions during the quarter, management expects consolidated Market Cap Rs1,098,965M

EBITDA growth to remain ahead of its FY27 double-digit guidance. We US$11,651M

view the update positively, as it reinforces three key elements of our

thesis: (1) continued strength in GCPL’s India franchise, (2) improving

profitability and growth trajectory in Indonesia, sustained momentum in

GAUM and (3) easing commodity costs potentially improving the margin Vismaya Agarwal, CFAAC

outlook for the remainder of FY27. We reiterate our Buy rating. +91-22-6175-9886

vismaya.agarwal@citi.com

India continues to deliver healthy volume-led growth – GCPL expects its standalone

business to deliver double-digit revenue growth in 1QFY27, supported by high-single

digit UVG, with growth being broad-based across categories. The company continues

to execute well despite recent pricing actions undertaken to offset commodity cost

inflation – mgmt.