BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
We attended Godrej Consumer Products Ltd.'s business update webcast. The management has targeted double digit volume growth in next three to five years led by category development and penetration gains.
In line with Godrej Consumer's guidance of lower volume/high price led growth in H2, we have marginally increased FY22 revenue estimates. However, we have declined margin estimates due to unprecedented inflation pressure.
We have also lowered our margin estimates for FY23E/24E considering higher distribution and media spends.
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