Gillette India - Seeing Positive Consumption Trends; Maintain Neutral: Yes Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.We recently participated in Gillette India Ltd.'s Investors & Analysts Call held by the management to highlight company's performance, strategies and business outlook. Key takeaways:Seeing positive consumption trends with greenshoots in rural markets but cautious about unemployment and wages data,Gillette India has seen 1.5 times increase in its reach and coverage in last three years, Male grooming continues to see highest ever share even in competitive market environment,Within the large female hair removal market, razors have seen fastest growth and Venus has doubled its revenues in last five years growing in double digits, Gillette saw structural margin improvement of ~200 basis points in recent quarter through productivity and innovations. .We recently (post the June-24 quarterly results) downgraded the stock to Neutral rating from Buy after it delivered ~63% post our initiation on Aug, 30, 2023.Information provided during the analyst meet does not lead to any change in our earnings or target price, hence we maintain our target price of Rs 9,035, targeting ~56 times on Sep’26E EPS (similar to its five-year average forward multiple)..Click on the attachment to read the full report:.P&G Hygiene - Focusing On Sustainable Growth; Rich Valuation Limits Upside: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Gillette India - Seeing Positive Consumption Trends; Maintain Neutral: Yes Securities

The brokerage maintains its target price of Rs 9,035, targeting ~56 times on Sep’26E EPS.

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Gillette India - Seeing Positive Consumption Trends; Maintain Neutral: Yes Securities

The brokerage maintains its target price of Rs 9,035, targeting ~56 times on Sep’26E EPS.

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