Initiate coverage on GCPL with ‘neutral’; TP at Rs 770

Initiate coverage on GCPL with ‘neutral’; TP at Rs 770

While Godrej Consumer (GCPL) has underperformed Nifty by c.26%/11%/ 14% over the past 1/2/3 years, we remain cautious, as we believe two of its three core growth drivers (India household insecticides, Indonesia) are still not out of the woods and can moderate earnings.
Check the source here –Source, Financial Express.

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