Godrej Consumer Q3 Results Review - Beat On Ebitda; Focus On TAM Expansion: Motilal Oswal

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..Motilal Oswal Report.Godrej Consumer Products Ltd.’s consolidated net revenue grew 1.5% YoY to Rs 36.6 billion (estimated. Rs 36.3 billion), constant currency growth was at 19% YoY in Q3 FY24. The India business clocked 9% YoY revenue growth (2% organic) with a volume growth of 12% YoY (5% organic). In India, the home care and personal care segments registered 5% and 2% YoY growth, respectively. Household insecticide volume growth was stable at low single digit. Godrej Consumer Products launched the Goodknight Agarbatti with an exclusive new molecule (RNF), which is ~2 times more effective than most other molecules. The launch is to tap the Rs 12 billion incense stick market (growing at 10%) that is largely dominated by unorganized players..The company is consistently working towards expanding total addressable market for the India business along with product innovation to drive frequency. Besides, there has been a consistent effort to fix the gaps in profitability/growth for its international business. We reiterate our 'Buy' rating with a target price of Rs 1,350 (based on 55 times December- 25 earnings per share)..Click on the attachment to read the full report:.Infibeam Avenues Q3 Results Review - To Benefit From Improved NTRs In India Payments Business: KRChoksey.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.

Godrej Consumer Q3 Results Review - Beat On Ebitda; Focus On TAM Expansion: Motilal Oswal

Godrej Consumer products volumes expanded 8% YoY, while sales grew 2% YoY, driven by organic underlying volume growth of 5%.

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Godrej Consumer Q3 Results Review - Beat On Ebitda; Focus On TAM Expansion: Motilal Oswal

Godrej Consumer products volumes expanded 8% YoY, while sales grew 2% YoY, driven by organic underlying volume growth of 5%.

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