Synopsis: Goldman Sachs highlights select Indian companies poised for long-term growth across sectors, identifying key structural trends and potential opportunities, offering investors insights into high-conviction picks with strong earnings visibility.
Goldman Sachs has highlighted a select group of Indian companies positioned to benefit from structural growth trends across sectors, from consumer discretionary and pharmaceuticals to energy, defence, and digital platforms.
The brokerage identifies opportunities in companies with strong earnings visibility, robust market positioning, and favorable long-term catalysts, emphasizing both high growth potential and attractive valuation gaps relative to peers. Here are the stocks picked by Goldman Sachs.
Consumer and Lifestyle Stocks
Titan Company
Goldman Sachs expects Titan to benefit from India’s rising affluent consumption, particularly in branded jewellery. The brokerage anticipates that Titan’s jewellery segment will sustain double-digit growth as consumers shift away from unorganised players to organised retail chains.
Goldman Sachs highlights Titan’s omnichannel business, Caratlane, and its international operations as important margin drivers. EPS is projected to grow at around 24% CAGR from FY25 to FY28, with the stock trading at a discount to other discretionary peers. The company holds a market capitalization of Rs. 3,42,308.15 crore and is currently trading at Rs. 3,855.75
Godrej Consumer Products
Goldman Sachs sees a sharp recovery for Godrej Consumer, driven by innovation in home insecticides and expansion in underpenetrated segments like air fresheners, detergents, and pet care. The brokerage expects domestic price hikes and improving margins to support Ebitda growth, projected at 13% between FY26 and FY28. The company holds a market capitalization of Rs. 1,16,255.15 crore and is currently trading at Rs. 1,136.30
Havells
Goldman Sachs expects Havells to enter a recovery phase following muted growth in recent years. The brokerage notes that new capacity additions in cables and wires, product launches in premium segments, and GST reductions in consumer durables will support growth.
Margins are anticipated to bottom out by FY26, with profitability improving due to stronger operating leverage and effective execution. The company holds a market capitalization of Rs. 91,383.98 crore and is currently trading at Rs. 1,457
Pharmaceuticals and Life Sciences
Neuland Laboratories Ltd
Goldman Sachs sees Neuland well-positioned in the fast-growing global API outsourcing market. The brokerage expects ramp ups in key molecules such as Bempedoic acid and Cobenfy, alongside new specialty API launches, to drive growth.
The industry is projected to grow at a 15% CAGR over the next five years, fueled by increasing outsourcing penetration and Neuland’s rising market share. The company holds a market capitalization of Rs. 22,490.99 crore and is currently trading at Rs. 17,650
Piramal Pharma
Goldman Sachs highlights Piramal Pharma’s diversified portfolio across CRAMS, hospital generics, and OTC products. While the CDMO segment faces short-term pressures, the brokerage expects a strong recovery post-FY26, supported by capacity ramp-ups, operating leverage, and improved utilisation.
Top-quartile profit growth is anticipated in the medium term. The company holds a market capitalization of Rs. 26,026.68 crore and is currently trading at Rs. 195.80
Travel and Digital Platforms
IndiGo
Goldman Sachs expects IndiGo to benefit from industry consolidation, cost leadership, and India’s expanding air travel market. With a market share exceeding 64%, the brokerage notes that the airline is well-positioned to gain from new airport infrastructure and capacity additions.
Improved pricing discipline and growth in international routes support a positive earnings outlook. The company holds a market capitalization of Rs. 2,24,127.54 crore and is currently trading at Rs. 5,796
MakeMyTrip (NASDAQ Listed)
Goldman Sachs sees MakeMyTrip as a long-term winner in India’s digital travel sector, driven by rising online penetration in hotels, outbound travel, and bus bookings. The brokerage expects revenue to grow at 19% CAGR between FY25-30, with Ebitda and EPS rising over 30%, supported by operating leverage and strong free cash flow.
Eternal
Goldman Sachs views Eternal as a core India Internet holding. The brokerage expects strong growth at Blinkit, projecting B2C gross order value to grow at 50%+ CAGR through FY27.
Profitability in food delivery and expanding margins in quick commerce are expected to underpin growth, with the stock trading at an attractive growth-adjusted discount relative to Indian consumer peers. The company holds a market capitalization of Rs. 2,97,520.31 crore and is currently trading at Rs. 309.30
Energy and Utilities
Reliance Industries Ltd
Goldman Sachs expects Reliance to report 15% Ebitda growth in FY26, supported by strong refining margins, steady 15% retail topline growth, and telecom tariff hikes. The brokerage notes potential upside of up to 63% in a bull-case scenario, driven by new energy capacity commissioning. The company holds a market capitalization of Rs. 20,48,207.40 crore and is currently trading at Rs. 1,513.55
NTPC
Goldman Sachs sees NTPC as central to India’s energy transition, planning 60GW of renewable capacity by FY32. The brokerage expects the company to benefit from its low-cost capital, integrated infrastructure, and DISCOM experience, alongside a revival in thermal capex and RTC renewable energy demand, providing stable returns and growth visibility. The company holds a market capitalization of Rs. 3,17,323.40 crore and is currently trading at Rs. 327.25
Defence and Industrial Stocks
PTC Industries
Goldman Sachs highlights PTC Industries as one of India’s most compelling defence plays. The brokerage expects earnings to grow at 123% CAGR through FY28, driven by capacity ramp-ups in titanium and superalloy castings for aerospace and defence.
PTC is also set to commission the world’s largest single-site recycled titanium facility by FY26. The company holds a market capitalization of Rs. 26,371.84 and is currently trading at Rs. 17,599.85
Solar Industries
Goldman Sachs expects Solar Industries to benefit from a strong defence order book exceeding Rs 15,500 crore and diversification into ammunition, UAV systems, and energetic materials.
The brokerage notes planned investments of Rs 12,700 crore over the next decade to expand capacity. Goldman expects annual profit growth at 25% and return on equity above 26%. The company holds a market capitalization of Rs. 1,27,464.29 crore and is currently trading at Rs. 14,086
Automotive and EV-Related Stocks
Uno Minda
Goldman Sachs expects Uno Minda to benefit from India’s EV transition. The brokerage highlights the company’s expanding portfolio in alloy wheels, premium lighting, and electric two-wheeler components, supported by strong OEM relationships and international expansion.
New EV order wins and capacity additions are key growth catalysts. The company holds a market capitalization of Rs. 76,943.85 crore and is currently trading at Rs. 1,334.70
Maruti Suzuki
Goldman Sachs expects Maruti Suzuki to benefit from lower interest rates, potential GST cuts, and tax rationalization, supporting a revival in small car demand. The brokerage highlights upcoming SUV launches and the seventh Pay Commission as additional volume catalysts. Maruti’s strong balance sheet and product pipeline underpin a multi-year growth cycle. The company holds a market capitalization of Rs. 4,92,738 and is currently trading at Rs. 15,672.20
-Manan Gangwar
Disclaimer.
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. Trade Brains Technologies Private Limited 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.
