{"id":66960,"date":"2022-10-06T16:52:00","date_gmt":"2022-10-06T11:22:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=66960"},"modified":"2022-10-06T16:50:13","modified_gmt":"2022-10-06T11:20:13","slug":"analysts-bullish-on-fmcg-company-despite-fears-of-weak-growth-in-near-term","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/analysts-bullish-on-fmcg-company-despite-fears-of-weak-growth-in-near-term\/","title":{"rendered":"Analysts bullish on this FMCG stock despite fears of weak growth in near term"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-116972961\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Godrej Consumer Products Ltd. (GCPL) slipped 5% during the early hours of trading on Thursday as the company updated on its weak September quarter results. As of 12:00 noon, the stock was trading at \u20b9 851.50, down 5.03% for the day. The FMCG stock has lost over 16% in market value in the last twelve months.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-160452590\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The note came after the market closed on Tuesday. The markets remained closed on the account of the Dussehra festival on Wednesday.<\/p><p>GCPL is part of the Godrej Group and comes under the stewardship of Adi Godrej. It manufactures and markets products including soap, handwash, hair colourants, and liquid detergents. The company enjoys strong brand recognition for its portfolio of brands such as Godrej No. 1, Godrej Shikakai, Godrej Powder Hair Dye, Renew and more.<\/p><p>The company reported it shall post weak results on the volume and margin front for the quarter ending September (Q2FY23), following its dismal performance in Q1. Its Indian operations are expected to register the volume to drop by the mid-single digit. As for the rural demand, it remained subdued in the last quarter.<\/p><div class=\"trade-content_5\" id=\"trade-846480003\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>On a consolidated basis, the management of Godrej Consumer hopes to reach a sales growth of 5%. In the first quarter of FY23 ending June, it clocked revenue growth of 8% year on year.<\/p><p>The margins may further remain compressed because of higher input costs, increased marketing investments and lacklustre performance in Indonesia during the quarter.<\/p><p>However, analysts are still bullish on GCPL. Motilal Oswal Financial Services remarked, \u201cWith investments by the new CEO being focused on boosting growth in the high margin, high-return on capital employed domestic business, the company\u2019s medium-term earnings growth outlook is strong.\u201d<\/p><p>Analysts at Religare Broking have given a price target of \u20b9 1,178 for the FMCG company\u2019s shares. This results in an upside of 38% with a time horizon of twelve months.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vikalp Mishra<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1020499860\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Godrej Consumer Products Ltd. (GCPL) slipped 5% during the early hours of trading on Thursday as the company updated on its weak September quarter results. As of 12:00 noon, the stock was trading at \u20b9 851.50, down 5.03% for the day. The FMCG stock has lost over 16% in market value in [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":26353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-66960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analysts bullish on this FMCG stock despite fears of weak growth in near term - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/analysts-bullish-on-fmcg-company-despite-fears-of-weak-growth-in-near-term\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analysts bullish on this FMCG stock despite fears of weak growth in near term\" \/>\n<meta property=\"og:description\" content=\"The shares of Godrej Consumer Products Ltd. 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