HSBC has reiterated its Buy rating on Godrej Consumer Products Ltd (GCPL) with a target price of ₹1,420, implying an upside of 18.5% from the current market price of ₹1,198.00. The brokerage remains optimistic on the company’s growth trajectory, driven by resilient domestic demand and broad-based strength in its home care portfolio.
According to HSBC, GCPL’s India revenues grew in high single digits during the latest quarter, supported by mid-single digit volume growth. Consolidated revenues rose in double digits, in line with expectations. The home care segment delivered strong performance with both value and volume growth in the double digits.
The India business, excluding soaps, was particularly strong, reaffirming GCPL’s core strength across non-soap categories. HSBC expects margins to expand in the second half of FY26, with no change to the company’s existing guidance.
Disclaimer: The views expressed above are those of HSBC and do not constitute investment advice. This article is for informational purposes only.