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Investing.com - Jefferies has raised its price target on Godrej Consumer Products (NSE:GOCP) Ltd. (GCPL:IN) to INR1,450.00 from INR1,425.00 while maintaining a Buy rating on the stock.
The company experienced a decline in EBITDA by 4% year-over-year despite day-over-day revenue growth, primarily due to significant margin pressure across all geographic markets.
In India, soap segment sales declined mainly due to grammage cuts, while the Home Insecticides and other segments showed strong growth performance.
The company’s Indonesia business struggled with price-led competition, which also negatively impacted profit margins, while the Africa division posted exceptional growth but faced similar margin pressures.
Jefferies reduced its earnings per share estimates for Godrej Consumer Products by 2-5%, noting that management expects performance to improve gradually through fiscal year 2026.
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