Godrej Consumer - Aspires To Deliver Double-Digit Growth In The Medium Term: Systematix
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.
Systematix Research Report
We attended Godrej Consumer Products Ltd.’s Indonesia business update call; key takeaways are:
the business is recovering from the second wave of Covid-19 and a difficult macroeconomic environment,
the company remains focused on driving democratisation and premiumisation across its portfolio in the region and
it is expanding direct coverage through the general trade channel.
The management expects the Indonesia business to deliver double-digit growth on an organic basis in the medium to long term.
While Godrej Consumer has all the elements to deliver sustainable long term shareholder value, the current valuations seem rich at 47.4 times FY23E earnings per share.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.