Godrej Shopper Merchandise Ltd. – Hair Care Skilled
Godrej Shopper Merchandise Ltd (GCPL) is part of the 125-year-old Godrej Group. The group enjoys a patronage of 1.15 billion customers globally. GCPL is current in rising markets of Asia, Africa and Latin America and the corporate’s product portfolio ranges from house care and private care to hair care, family pesticides, hair color, soaps, air fresheners, liquid detergents, hair extensions, private wash, styling in mass {and professional} markets, skincare, sanitizers, solar care and feminine deodorants. GCPL is ranked among the many largest family insecticide and hair care gamers within the rising markets.
Valuation
GCPL has a constant monitor file of introducing new merchandise to cater to shifting shopper preferences and expects that, going ahead, its income progress shall be pushed by steady demand progress and introduction of latest merchandise throughout geographies. Supported by its portfolio of sturdy manufacturers, fixed innovation, and model repositioning, the corporate has managed to keep up its aggressive place in these key product classes and geographies. Therefore, we advocate an ACCUMULATE score within the inventory with the goal worth (TP) of Rs.1015, 60x FY24E EPS.
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